Described Deferred Revenue Expenditure?

1.	Described Deferred Revenue Expenditure?
Answer» Deferred REVENUE Expenditure is a revenue expenditure which has been INCURRED during an accounting year but the benefit of which may be extended to a number of years. And these are charged to PROFIT and loss account. E.g. Development expenditure, Advertisement etc. Deferred Revenue Expenditure is a revenue expenditure which has been incurred during an accounting year but the benefit of which may be extended to a number of years. And these are charged to profit and loss account. E.g. Development expenditure, Advertisement etc.

Answer»

Deferred REVENUE Expenditure is a revenue expenditure which has been INCURRED during an accounting year but the benefit of which may be extended to a number of years. And these are charged to PROFIT and loss account. E.g. Development expenditure, Advertisement etc.

Deferred Revenue Expenditure is a revenue expenditure which has been incurred during an accounting year but the benefit of which may be extended to a number of years. And these are charged to profit and loss account. E.g. Development expenditure, Advertisement etc.

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