Example of deferred liability and asset?
Answers were Sorted based on User's Feedback
Answer / shreya
Payments that will be assigned as expenses in a later
period, but that are paid in advance and temporarily set up
as assets on the balance sheet.Ex:Tax avoidance and tax
evasion
Money that a company receives from a customer as prepayment
for some good or service. A deferred liability is listed on
a balance sheet as a liability until the good or service is
delivered. This is because the company would have to return
the money if it does not keep its end of the bargain as
promised. A deferred liability is also called a deferred
credit or deferred revenue.Ex:Deftax
Is This Answer Correct ? | 4 Yes | 1 No |
What is Share Premium?
what is runing finance?
what is cost of captial
how to answer tell me about yourself in an interview?
7 Answers Genpact, Hindustan Adhesives, InTouch, TATA, Wipro,
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
when we debit any party in our account?
How many types of business transactions are there in accounting?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?
What is Suspense Account?
non cash or bank income or expense