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Savatey [412]
3 years ago
5

In accrual accounting, to defer means to recording the other side of the cash transaction as a revenue or expense. Instead the o

ther side of the cash entry is recorded as liability or prepaid:_____
Business
1 answer:
I am Lyosha [343]3 years ago
5 0

Answer:

Expense

Explanation:

In accrual accounting, to defer means to recording the other side of the cash transaction for revenue as a liability usually referred to as deferred or unearned revenue.

For expense, it is recognized as prepaid expenses meaning that the expense for which cash was paid will be enjoyed in the future.

Therefore, the other side of the cash entry is recorded as liability or prepaid expense.

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2 years ago
What is the smallest word in the world?
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Explanation:

5 0
3 years ago
A customer buys 10 Allied Corporation 8% debentures, M '25, at 90 on Tuesday, Oct 9th. The interest payment dates are Feb. 1 and
pshichka [43]

Based on the information given the annual interest payments amount to:$800.

<h3>Annual interest payments:</h3>

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Using this formula

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