Competition and Deferred income: Difference between pages

Revision as of 10:12, 29 November 2014

Accounting.

Income for which payment has been received by the business but which has not yet been earned.

Deferred income is recorded as a credit balance in the balance sheet. (The related accounting entries being DEBIT Cash and CREDIT Deferred income.)

For reporting presentation purposes it is often aggregated with Accruals as 'Accruals and deferred income'.

@@ Line 1: / Line 1: @@
-. The degrees of choice available to consumers and to other buyers in a market and of the rivalry between different suppliers in the market.
+''Accounting''.
+Income for which payment has been received by the business but which has not yet been earned.
+Deferred income is recorded as a credit balance in the balance sheet.  (The related accounting entries being DEBIT Cash and CREDIT Deferred income.)
+For reporting presentation purposes it is often aggregated with Accruals as 'Accruals and deferred income'.
-. Perfect competition.
 == See also ==
-* [[Competition Commission]]
+* [[Accrual]]
-* [[Perfect competition]]
+* [[Income]]
+* [[CertITM]]