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Accrual vs Deferral in Accounting What’s the Difference?

Accrual vs Deferral in Accounting What’s the Difference?

Aug 5, 2020 | Bookkeeping

Therefore, in deferral accounting, the account is where the income is recognized at a future date. The examples below set out typical bookkeeping journal entries in relation to accruals and deferrals of revenue and expenditure. When the services have been completed,...