Define the term "Deferred Costs" and "Deferred Revenues".

Deffered Cost is the cost or expense which occured in a transaction but relate to future accounting period. So we have to deffered this to thier relevent accounting perids to charge. like. rent paid in advance for more accounting period etc.

Deffered revenue is the revenue or income which occured in a transaction but relate to future accounting period. so we have to deffered this to thier relevent accounting periods to charge. like rent recieved in advance for more accounting periods etc...

Deferred cost means , Cost will occur now but will expense out in future (Eg. Insurace Payments (prepayments).

Deferred Revenue means, which is earned before the sales occured. (Its Liability to the company)

The term "deferred expense" is used to describe a payment that has been made, but it won't be reported as an expense until a future accounting period.

An example of a deferred expense is the Rs.12,000 insurance premium paid by a company on December27 for insurance protection for the upcoming January1 through June30. On December27 the Rs.12,000 is deferred to the balance sheet account Prepaid Insurance. Beginning in January it will be expensed at the rate of Rs.2,000 per month.

Deferred revenue is not yet revenue. It is an amount that was received by a company in advance of earning it. The amount unearned (and therefore deferred) as of the date of the financial statements should be reported as a liability. The title of the liability account might be Unearned Revenues or Deferred Revenues.

For Example a company receives Rs.10000 in advance for the delivery of goods would book it as deferred revenue in its Balance sheet, when goods are delivered to the customer, the company would transfer Rs.10000 from Deferred revenue account to regular revenue account on its income statement.

Deferred costs 

Are the costs of belonging to a subsequent financial period has been paid during the current financial period 

"Treated as an asset in the balance" 

Deferred Revnues

 Are revenues  worthy of or  "belongs to "  the next period were collected during the current financial period 

"Treated as a liability in the balance"

1- Deferred cost is

 a cost that you have already incurred, but which you will not charge to expense until a later reporting period.

 Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been rendered or products have been delivered

Deferred Cost is the expense paid in Advance but not fully utilized. It is recorded under Prepaid Assets.

Deferred revenue refers to payment received in advance for services / goods which have not yet been performed /delivered. It is recorded in balance sheet as a liability.

Deferred Income 

Is been providing service Awslah in the current financial period, but no payment is made from the client and as a result of the postponement of payment There Deferred interest that do not fit the current financial period, but relates to the periods subsequent financial with the observation that it can not be due if the client has to accelerate the payment then your canceled these benefits from periods subsequent financial and canceled this deferred revenue 

Deferred charges (expense due) is to be performing service or do something for the company was not taking the wage payable only after to play such an agreement with someone to train workers, the company and carried out the training was not caught until after the completion of the training in this case is recorded as an expense due to the company's

Deferred expense

is used to describe a payment that has been made, but it won't be reported as an expense until a future accounting period.

Deferred revenue

is not yet revenue. It is an amount that was received by a company in advance of earning it. The amount unearned (and therefore deferred) as of the date of the financial statements should be reported as a liability. The title of the liability account might be Unearned Revenues or Deferred Revenues.

D.cost This represent the amount which is paid and benifit has not been recieved by the company.

Such heavy advertisement made for launching new product or big amount paid as  insurance premium.

  D.Revenue  This the amount received by the company for not yet given service or product to a customer.

Such prepayment received by the company for product to be deliver in future.