farhan

• Dec 23rd, 2006

 

 A best example of a deferred account is advertisment expence account.

This account are those where an investment or expense are is dont with an expectation of making a intangable profit which cannot be measured or directly linked to expense.

Mr.Tanveeer hayat

• Jan 11th, 2007

 

Deffered Account is somehing that is not realized in a business. Like in Installment sales unrealized g.p consist of profit that is on overall installments while realized is on installment collected. Hence after installments are collected than the remaining will be unrealized of deffered. 

snmudhol

 Profile Answers by snmudhol 

• Jun 5th, 2008

 

Any incomes or expenses which are received or incurred during the financial year but not yet earned or benefit received those receipts or payments are charged to this account instead of charging it to P&L Account.   The balance of this account will shown in Balance sheet.  This will be written off in next few years.  

For Ex:  Contract amount received but work is in progress,  any heavy expenditures incurred but benifits from that not yet received.

rameshnamasivayam

 Profile Answers by rameshnamasivayam 

• Sep 8th, 2008

 

If an amount incurred or accounted or paid to establish over a period of time of the business or for the business, these kind of accounts are treated as deferred account.

Eg., An advertisement expenses incurred by an organisation etc.,