Question
Why do we sometimes record a revenue or expense as a deferred item? Wouldn't it be easier to always record revenue to a revenue account
Why do we sometimes record a revenue or expense as a deferred item? Wouldn't it be easier to always record revenue to a revenue account and remove any unearned revenue at year-end?
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Deferred means to postpone or delay items We will be moving items that have already been record in our books We will move a liability to revenue or an ...
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
