How Prepaid expense account differs from Deferred Expense account?

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Choose the correct answer about prepaid expense
Posted by:
Ahmed kandil
23-April-2015

Account Acquisition

Question added by Deleted user
Date Posted: 2016/11/07

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1 Answers

by Deleted user

Prepaid expenses pertains to expenses incurred for a future period.
Deferred expenses are those expense which have been delayed for a later period owing some current operational or finincial compulsions.

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