Deferred income

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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May 6, 2013 at 11:53 am #124702
hasanali95
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Why is deferred income treated as a current liability?
May 6, 2013 at 5:35 pm #124722
MikeLittle
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Well, it’s a credit balance …. so what else could it be if it weren’t a liability?
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