(Difference between pages)
imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| ''Accounting''.
| | (GM). |
|
| |
|
| Income for which payment has been received by the business but which has not yet been earned.
| | One of the largest automobile manufacturers. |
|
| |
|
| Deferred income is recorded as a credit balance in the balance sheet.
| |
|
| |
|
| (The related accounting entries being DEBIT Cash and CREDIT Deferred income.)
| |
|
| |
|
| | | ==See also== |
| Deferred income is a liability of the reporting entity to provide the services that the customer has already paid for.
| | *[[GSK]] |
| | |
| | |
| For reporting presentation purposes it is often aggregated with Accruals as 'Accruals and deferred income'.
| |
| | |
| | |
| == See also == | |
| * [[Accrual]] | |
| * [[Accruals accounting]]
| |
| * [[Accrued income]]
| |
| * [[Balance sheet]]
| |
| * [[Credit]]
| |
| * [[Debit]]
| |
| * [[Financial reporting]]
| |
| * [[Liabilities]]
| |
| * [[Prepayment]]
| |
| * [[Reporting entity]]
| |
| * [[Revenue]]
| |
Revision as of 15:22, 28 March 2016
(GM).
One of the largest automobile manufacturers.
See also
