Deferred Expenses Adjusting Entries Examples Help

Deferred Expenses Adjusting Entries Examples, Samples, Illustrations, Calculation Help Online


Looking for Deferred Expenses Adjusting Entries Examples, Samples, Illustrations, Calculation to do your assignment, homework or project you are at the right place.

Meaning of Deferred Expenses Adjusting Entries


Deferred Expense refers to that expense whose benefit has not been consumed during the accounting period but those expenses have been paid in that accounting period. Such expense is considered as an asset. It is considered as an expense only when the benefit has been fully consumed. The deferred expense is otherwise called as prepaid expenses. Examples of such expenses are insurance paid, interest paid in advance, supplies.The adjusting entry for deferred expense is as follows:
Deferred Expense a/c Dr.
To Expense a/c

Services We Offer


Features for Accounting Assignment Help Services

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Best Customer Service
Our customer representatives are working 24X7 to assist you in all your assignment needs. You can drop a mail to or chat with our representative using live chat shown in bottom right corner.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Our Clients

Most of our clients are from UK, USA, Australia, Canada , UAE, New Zealand, Doha, Qatar, Muscat, Netherlands, France, Italy, Great Britain, Singapore, Malaysia looking for quality and accurate solutions.


Our Testimonials

Yash Batra, Student , UK University

“Great Experts to provide real time Accounts help services. They are just best in their approach”

Reham Fayad, Student MBA, USA

“They have some of the best USA experts to provide Accounts help online and also help me in my online exams.”

Graham Golith, Lancashire University, UK

“Best place to get all help in Accounts Essay and Exams. Will definitely recommend to all”


Deferred Expenses Adjusting Entries Examples Explanation


Let me explain it with the help of an example.
Example 1: Insurance premium of $4000 is paid on 1st July 2013 and the accounts are to be closed on 31st March 2014. The benefit of insurance policy will accrue up to 30th June 2014. This means insurance benefit for three months that is from 1st April to 30th June will be consumed in the next accounting year therefore the entry to be passed is

Deferred Insurance Premium a/c Dr. 1000
To Insurance Premium a/c 1000

Example 2: when a company purchases supplies it is not necessary that the whole supplies will be consumed in one accounting period. It is recorded as an asset until the supplies are used and an adjusting entry is used to record the amount of supplies used during the period.

Looking for similar Deferred Expenses Adjusting Entries Examples type assignment help, click here . You can visit us for more examples here.