Deferred expenses vs prepaid expenses as per ifrs and indas

IFRS 1778 views 2 replies

Senior Executive accounts

23 Points Joined January 2012

Hi can anyone help me with below.

difference between below,

Deferred Expenses vs Prepaid expenses as per IFRS and INDAS, There accounting treatments

like: Non- current (deferred exp ) & Current assets (prepaid exp) as per standards ? or this is just a general practice

Replies (2)

student

28 Points Joined December 2012

the benefit derived from prepaid expense can be precisely known to the entity... while in deferred expense the benefit is to be estimated..

Senior Executive accounts

23 Points Joined January 2012

HI Rahul

Thanks for revert but i'm looking for below.

There accounting treatments

like: Non- current (deferred exp ) & Current assets (prepaid exp) as per standards ? or this is just a general practice

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