A deferral is an adjustment for payment of an item or receipt of cash in advance.

Name: A deferral is an adjustment for payment of an item or receipt of cash in advance.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

A deferral involves delaying payment or receipt of cash beyond the present point in time, in contrast to an accrual which recognizes revenue or expenses when it is earned or incurred, regardless of when payment is received or made.

A Deferral Is an Adjustment for Payment of an Item