A deferral-type adjusting entry is an accounting entry that shifts some portion of a recognized amount into a future period. This journal entry may be used to defer the recognition of revenue or an expense. A deferral-type adjusting entry is only used in accrual basis accounting.
Related Courses
Bookkeeper Education Bundle
Bookkeeping Guidebook
Closing the Books
Value Packs
Controller Library Value Pack
CFO Library Value Pack
Bookkeeper Library Value Pack
Financial Analysis Value Pack
Accounting Bestsellers
Accountants' Guidebook
Accounting Controls Guidebook
Accounting for Casinos & Gaming
Accounting for Inventory
Accounting for Managers
Accounting Procedures Guidebook
Agricultural Accounting
Bookkeeping Guidebook
Budgeting
CFO Guidebook
Closing the Books
Construction Accounting
Cost Accounting Fundamentals
Cost Accounting Textbook
Credit & Collections
Fixed Asset Accounting
Fraud Examination
GAAP Guidebook
Governmental Accounting
Health Care Accounting
Hospitality Accounting
IFRS Guidebook
Lean Accounting Guidebook
New Controller Guidebook
Nonprofit Accounting
Oil & Gas Accounting
Payables Management
Payroll Management
Public Company Accounting
Real Estate Accounting
Small Audit Practice Set
Finance Bestsellers
Business Ratios Guidebook
Corporate Cash Management
Corporate Finance
Cost Management
Enterprise Risk Management
Financial Analysis
Interpretation of Financials
Investor Relations Guidebook
MBA Guidebook
Mergers & Acquisitions
Treasurer's Guidebook
Operations Bestsellers
Constraint Management
Human Resources Guidebook
Inventory Management
Project Management
Purchasing Guidebook