Business, Legal & Accounting Glossary
Expenses incurred which do not apply to the current accounting period. Instead, they are debited to a ‘Deferred expenditure’ account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Deferred Expenditure are sourced/syndicated and enhanced from:
This glossary post was last updated: 26th April, 2020 | 0 Views.