What is Deferred expenses?

Amounts already incurred that are transferred to expenses gradually in later periods and that are not among prepaid expenses (3100): deferred corporate profit tax, bond discount, preparation for seasonal production, land reclamation costs and others. The long-term portion is in accounts 0950–0990, the current portion in accounts 3210–3290 (NAS No. 21, paragraphs 162–165).