Nonprofit Accounting Question:
Download Questions PDF

Explain deferred account?

Answer:

A best example of a deferred account is advertisement expense account. This account are those where an investment or expense is don't with an expectation of making a intangible profit which cannot be measured or directly linked to expense.

Download Nonprofit Accounting Interview Questions And Answers PDF

Previous QuestionNext Question
Explain bills receivable?Explain MIS reports and do you prepare it?