Home >  Term: deferred debits
deferred debits

Accounts carried on the asset side of the balance sheet in which are recorded items being amortized as charges against income over a period time (such as Unamortized Debt Discount and Expense) and items held in suspense pending final transfer or disposition (such as Extraordinary Property Losses, Clearing Accounts (Net Debit), etc.).

0 0

Looja

  • JJD
  •  (Gold) 2369 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.