Deferred Payment Sale
A sales agreement where the buyer receives goods now but pays in future installments. The revenue is often recognized at the point of sale, while the receivable is recorded. It allows buyers to manage cash flow while still acquiring assets.
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Deficiency Account
An account used to record the shortfall when liabilities exceed assets, especially in insolvency or liquidation scenarios. It reflects the…
Deferred Liability
Deferred liability is a financial obligation not due until a future date beyond the current accounting period. Examples include pension…
Deferred Income Tax
A tax liability or asset that arises due to differences between accounting income and taxable income. These timing differences create…
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