Deferred vs prepaid
Bachu Partish (11 Points)
30 April 2024
what is the difference between deferred and pre paid?
Bachu Partish (11 Points)
30 April 2024
prasad Nilugal
( GST Practitioner & Accounts )
(14221 Points)
Replied 01 May 2024
Deferred is either an Asset or Liability in future, however prepaid is always an Asset for future
Also I will give you an example of Deferred Revenue Expenditure , like Advertisement expenditure may give you benefit in future or not , however prepaid expenditure always give benefit in future .
sabyasachi mukherjee
(26296 Points)
Replied 01 May 2024
Bachu Partish
(11 Points)
Replied 01 May 2024
prasad Nilugal
( GST Practitioner & Accounts )
(14221 Points)
Replied 13 May 2024
CAclubindia
