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Terms in book

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Terms in book

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  • April 18, 2022 at 10:21 pm #653842
    maximus07
    Participant
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    • ☆☆☆☆

    Professor, is there difference between deferred income and prepaid income?

    April 22, 2022 at 11:26 am #654275
    P2-D2
    Keymaster
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    • ☆☆☆☆☆

    Yes, they are the same but you very rarely see the term prepaid income being used. Deferred income is by far the more common and what I’d recommend that you use.

    Thanks

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