What is a deferred credit?
A deferred credit could mean money received in advance of it being earned, such as deferred revenue, unearned revenue, or customer advances. A deferred credit could also result from complicated transactions where a credit amount arises, but the amount is not revenue.
A deferred credit is reported as a liability on the balance sheet. Depending on the specifics, the deferred credit might be a current liability or a noncurrent liability. In the past, it was common to see a noncurrent liability section with the heading Deferred Credits.
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What causes accounting errors; and what is the difference between an accounting misstatement, and an accounting fraudelant misstatement?
send me some note of definition of accounting
PLEASE SEND ME A CHART OR A TABULAR FORM FOR AGEING REPORTS AND DEFFERED REVENUE FOR PAYMENTS
NOT RECEIVED AS PER CREDIT PERIOD FROM A COMPANY . UNEARNED REVENUE FOR CUSTOMER ADVANCES. THANK YOU