Terms in book

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April 18, 2022 at 10:21 pm #653842
maximus07
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Professor, is there difference between deferred income and prepaid income?
April 22, 2022 at 11:26 am #654275
P2-D2
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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.

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