S. K. Agrawal & Co. Senior Operations Manager Interview Questions and Answers

Prepaid refers to payment made in advance for goods or services, while deferred refers to payment made at a later date.

• Prepaid involves paying for goods or services before receiving them

• Deferred involves paying for goods or services at a later date

• Examples of prepaid include prepaid phone plans or gift cards

• Examples of deferred include payment plans or layaway programs