An asset account reflecting costs which are not chargeable to the accounting period in which paid but are recorded as assets until amortized. An example is discount on bonds issued. Deferred charges differ from prepaid expenses in that deferred charges usually extend over a long period of time (more than five years) and are not a regularly recurring cost of operation. Refer to PREPAID EXPENSES.
Expenses that are not chargeable to the operations in the year in which they are made, but are carried on the asset side of the balance sheet and expensed in a later year.
Expenditure for items that will benefit future periods beyond a year from the balance sheet date
Expenditures that are not chargeable to the fiscal period in which they were made but that are carried as an asset on the balance sheet, pending amortization or other disposition (e.g. bond issuance costs). Deferred charges differ from prepaid items in that they usually extend over a long period of time (more than five years) and are not regularly recurring costs of operation.
these represent expenditure of a capital nature where no fixed asset is created but which may properly be financed over a period of years, for example renovation grants. It is written down against revenue over appropriate periods.