What is the difference between Deferred and Prepaid expenses?

Deferred refers to an expense or revenue that has been recognized but not yet paid or received, while prepaid refers to an expense that has been paid in advance but not yet incurred.

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Deferred refers to an expense or revenue that has been recognized but not yet paid or received, while prepaid refers to an expense that has been paid in advance but not yet incurred.

• Deferred expenses ...read more

Deferred refers to an expense or revenue that has been recognized but not yet paid or received, while prepaid refers to an expense that has been paid in advance but not yet incurred.

• Deferred expenses ...read more