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.).
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
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- JJD
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