Deferred IncomeForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Deferred IncomeThis topic has 2 replies, 2 voices, and was last updated 6 years ago by msk29.Viewing 3 posts - 1 through 3 (of 3 total) AuthorPosts August 26, 2017 at 6:49 pm #403698 msk29MemberTopics: 82Replies: 65☆☆Hello sir!Can you please define deferred income? In what circumstances do we have to include the deferred income in our accounting entries?Thank you in advance. August 29, 2017 at 8:01 pm #404142 P2-D2KeymasterTopics: 4Replies: 6898☆☆☆☆☆Hi,Deferred income is money that we have received in advance of the sale being able to be recognised as the sale takes place in a future accounting period. Once the sale has taken place the deferred income can then be released to profit or loss.Thanks August 29, 2017 at 9:36 pm #404172 msk29MemberTopics: 82Replies: 65☆☆Thank you sir. This explanation made it clear.AuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In