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Home > QFINANCE Dictionary > Definition of deferred income

Definition of

deferred income

Accounting

money received but not yet recorded as income revenue received but not yet reported as income in the profit and loss account, for example, payment for goods to be delivered or services provided at a later date, or government grants received for the purchase of assets. The deferred income is treated as a credit balance on the balance sheet while waiting to be treated as income.

Related definitions of "deferred income"

deferred income - Related Articles

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    Best Practice

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  • Estonia

    QFINANCE Country Profiles

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Definitions of ’deferred income’ and meaning of ’deferred income’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’deferred income’ and other financial terms with our online QFINANCE Financial Dictionary.

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