deferral

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Related to Prepaid expense: Accrued Expense

de·fer·ral

 (dĭ-fûr′əl)
n.
Deferment.

de•fer•ment

(dɪˈfɜr mənt)

n.
1. the act of deferring; postponement.
2. a temporary exemption from induction into military service.
[1605–15]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.deferral - a state of abeyance or suspended businessdeferral - a state of abeyance or suspended business
abeyance, suspension - temporary cessation or suspension
2.deferral - act of putting off to a future time
delay, holdup - the act of delaying; inactivity resulting in something being put off until a later time
adjournment - the act of postponing to another time or place

deferral

noun
The act of putting off or the condition of being put off:
Translations
تأجيل الخِدْمه العَسْكَرِيَّهتَأْجيل، إرْجاء دَعْوى

deferral

[dɪˈfɜːrəl] n [payment] → report m

defer2

(diˈfə) past tense, past participle deˈferred verb
(with to) to act according to the wishes or opinions of another or the orders of authority. I defer to your greater knowledge of the matter.
deference (ˈdefərəns) noun
1. willingness to consider the wishes etc of others. He always treats his mother with deference.
2. the act of deferring.
in deference to
showing respct for. I let him speak first, in deference to his authority.
deˈferment, deˈferral noun
1. delaying; postponement.
2. officially sanctioned postponement of compulsory military service. draft deferment for college students.
References in periodicals archive ?
2019 2018 Cash in bank $ 1,037,549 $ 886,529 [check] Petty cash account [??] 2,266 [check] Inventory [??] 2,030,563 [check] Accounts receivable 134,176 47,957 [check] Prepaid expense 4,345 4,771 [check] Deposits 67,745 73,009 [check] Total current assets $ 3,783,864 $ 3,045,095 2019 2018 Cash in bank $ 1,037,549 $ 886,529 X Petty cash account 2,145 2,266 X Inventory [??] 2,030,563 X Accounts receivable 34,176 47,957 X Prepaid expense 4,345 4,771 X Deposits 67,745 73,009 X Total current assets $ 3,783,864 $ 3,045,095 4.
Because reasonable assurance exists that the trade credits will be utilized, ABC recognizes a prepaid expense in the amount of $1 million at the outset of the transaction and relieves its inventory account by a like amount.
But companies with workers on the road now have a game-changing option: corporate prepaid expense card programs.
Wireless segment operating expenses decreased USD6.0 million, principally due to the USD11.8 million of prepaid expense reduction that, if effective in prior periods, would have been recognized in prior quarters of 2012 as well as in fiscal years 2011 and 2010.
Businesses that integrate the PEX Card Service into their operations experience greater cash flow visibility by making funds disbursements and limiting spending more efficiently than with traditional card services, cash advance, or expense reimbursement policies, according to issuer Prepaid Expense Card Solutions Inc.
As a portion of the prepaid expense becomes due, that portion is allocated to the income statement.
add cash payments made prior to the recognition of an expense (add increases in prepaid expense items reported on the balance sheet and subtract decreases) subtract expense items that have not yet been paid for in cash (subtract increases in accrued expenses such as accrued payables and add decreases).
The amount of insurance not used up is $700 ($1,200 minus $500) and should show up on the Balance Sheet as Prepaid Expense. If the Farmers had no Prepaid Expense at the beginning of the year, they would calculate Change in Prepaid Insurance as follows: Amount of the Prepaid Insurance not yet used up at the end of the year $700 - Prepaid Expense (insurance portion) at the beginning of the year -0 = Change in Prepaid Insurance $700 If the Farmers recorded journal entries to make adjustments, they would have recorded the following journal entry and posted it to the ledger.
Balance Sheet Current Assets Cash $260,000 AR $580,000 Inventory $10,000 Prepaid Expense $120,000 Total Current Assets $970,000 Property, Plant & Equipment Equipment, Furniture $50,000 Depreciation ($20,000) $30,000 Total Assets $1,000,000 Current Liabilities Accounts Payable $350,000 Accrued Expenses $190,000 Income Tax Payable $10,000 Short-term Notes $50,000 Total Current Liabilities $600,000 Long Term Notes Payable $100,000 Stockholder's Equity Retained Earnings $300,000 Total Liabilities & Equity $1,000,000 Figure 2.
Expenditures that benefit more than one accounting period are debited to an asset account, usually as a current asset called prepaid expense, and at the end of the period, the appropriate amount is transferred to the expense account.
Materials or supplies recorded as a prepaid expense. Sometimes, materials or supplies must be recorded as prepaid expenses.
An accrual-basis taxpayer should be able to deduct up to 8 1/2 months of 1994 dues under the recurring item exception, provided the amount is not material and is not treated as a prepaid expense in the taxpayer's accounting records.