20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Deferred Income

This topic has 5 replies, 2 voices, and was last updated 3 years ago by John Moffat.

Viewing 6 posts - 1 through 6 (of 6 total)

Author
Posts
October 22, 2021 at 5:44 pm #638818
James124
Participant
- Topics: 166
- Replies: 138
Tutor, why deffered income is written as debit balance as it is income?
October 23, 2021 at 10:19 am #638870
John Moffat
Keymaster
- Topics: 57
- Replies: 54724
Because it is money owing to us.
October 23, 2021 at 10:25 am #638877
James124
Participant
- Topics: 166
- Replies: 138
Is it accrued Income?
October 23, 2021 at 10:30 am #638881
John Moffat
Keymaster
- Topics: 57
- Replies: 54724
Effectively it is.
October 23, 2021 at 11:12 am #638884
James124
Participant
- Topics: 166
- Replies: 138
Thank you tutor.
October 23, 2021 at 4:41 pm #638915
John Moffat
Keymaster
- Topics: 57
- Replies: 54724
You are welcome.
Author
Posts

Viewing 6 posts - 1 through 6 (of 6 total)

The topic ‘Deferred Income’ is closed to new replies.