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Accounting > Deferred Income
The following information is about Deferred Income.
Deferred Income Defined
is that income for which the cash has been collected by the companybut have yet to be "earned". For examplea customer pays their annual software license upfront on the 1st Jan. As the company financial year-end is 31st Maythe company would only be able to record five months of the income as turnover in the profit and loss account. The rest would be accrued in the balance sheet as a "deferred" creditor.
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Off-site Deferred Income Links, User Submitted
The following links have been collected through user bookmark submission in the Deferred Income category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Thu Jun 4
- Annuities, Retirement Income Annuities, and 401k Plans: Given the stock market?s volatility, a number of 401k plan sponsors are seriously discussing adding an income or deferred annuity option to their 401k plans
Tue Apr 28
- Understanding The 1031 Tax Exchange: Omar Johnson asked: Real estate investors looking to sell an investment property and purchase a new one can greatly benefit from the Internal Revenue Code Section 1031. Section 1031 is one of the most powerful tax deferral tools currently available fo...
Sun Mar 15
- Tenancy in Common: Federation of Exchange Accommodators: Kathryn Landry asked: Many investors are now delving into the idea of going into a joint venture on real estate acquisitions to maximize profits with the minimum financial investments. The idea of tenancy in common (TIC) is to pool financial reserves ...
Thu Oct 9
Thu Jul 17
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