Deferred Liability

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Definitions
Deferred Credit (Deferred Income; Deferred Liability)
Deferred Credit Deferred Income Deferred Liability Accruals Concept Balance Sheet Government Grant Accounting
Deferred Credit represents income received or recorded before it is earned, and it adheres to the accruals concept by being carried forward on the balance sheet until it is matched with the period in which it is earned.
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Definitions
Deferred Liability
Deferred Liability Deferred Credit Accounting Terms Financial Obligations Balance Sheet Future Payment
Deferred liability refers to financial obligations that a company incurs but will not pay until a future period. It represents money that has been received for goods or services not yet delivered, and thus is classified as a liability until the delivery is made.
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