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Deferred Expense
A cost that’s paid in advance but recognized as an expense over time, such as prepaid insurance or rent. It’s initially recorded as an asset and then expensed gradually over the benefit period, aligning cost with the period it supports.
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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 Payment Sale
A sales agreement where the buyer receives goods now but pays in future installments. The revenue is often recognized at…
Deferred Liability
Deferred liability is a financial obligation not due until a future date beyond the current accounting period. Examples include pension…
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