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Explain Deferred Revenue Expenditure? |
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Answer» SOMETIMES some EXPENDITURE is incurred which by nature is revenue expenditure, but its benefits are likely to be derived over a number of years. If revenue expenditure is incurred during the current year but PAID as advance for the coming year(s), such expenditure is CALLED 'Deferred Revenue Expenditure'. Sometimes some expenditure is incurred which by nature is revenue expenditure, but its benefits are likely to be derived over a number of years. If revenue expenditure is incurred during the current year but paid as advance for the coming year(s), such expenditure is called 'Deferred Revenue Expenditure'. |
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