Define: Deferred Income

UK Accounting Glossary

Definition: Deferred Income


Quick Summary of Deferred Income


Revenue, such as a government grant, is received in advance of performing the related activity. The deferred income is held in the balance sheet as a type of liability until performance is achieved and is then released to the income statement.




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https://payrollheaven.com/define/deferred-income/
Modern Language Association (MLA):
Deferred Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 15, 2019 https://payrollheaven.com/define/deferred-income/.
Chicago Manual of Style (CMS):
Deferred Income. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/deferred-income/ (accessed: November 15, 2019).
American Psychological Association (APA):
Deferred Income. PayrollHeaven.com. Retrieved November 15, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/deferred-income/

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This glossary post was last updated: 23rd December 2018.