The general term used to indicate delaying the recognition of an expense already paid or of a revenue already received is
A) depreciation
B) deferral
C) accrual
D) inventory

Question

Quizplus · Accepted Answer

The term used for delaying recognition of an expense or revenue is known as a deferral. The deferral of expenses is known as prepaid expenses, and the deferral of revenues is known as unearned revenues.

The General Term Used to Indicate Delaying the Recognition of an Expense