The portions relating to future months and years are carried as assets and transferred to expense as the related periods arrive. In the uniform chart of accounts they are tracked in accounts 180 and 280.
Source: MSUGT (180 ve 280 hesaplar)
Related terms
Accrual basis of accountingThe principle of recording transactions as income, expenses, assets and liabilities in the period in which they occur, rather than when cash is received or paid.Periodicity principleThe principle of dividing an entity's continuing life into periods and reflecting each period's income and expenses in that period's results.Deferred incomeIncome collected or invoiced in advance that will be earned in future periods, such as rent or subscription fees received in advance.Accounting estimatesThe determination by management judgement of amounts that cannot be measured precisely, such as provisions, useful lives, expected credit losses and fair values.Accounting policiesThe specific principles, bases, conventions, rules and practices an entity applies in preparing its financial statements.Allowance for doubtful receivablesAn allowance made for receivables whose collection has become doubtful, recognising the expected loss as an expense.
Last updated: October 31, 2026 · This definition is for general information only.