N.Y. Comp. Codes R. & Regs. Tit. 10 § 441.87 - Deferral (or deferment)
The accounting treatment accorded the receipt or accrual of revenue before it is earned, or the incurrence of an expenditure before the benefits therefrom are received. Such items are balance-sheet liabilities or assets and are carried forward to the income account of succeeding periods as the revenue is earned or as the benefits are received from the expenditure.
Notes
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