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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
What do u mean by Deferred Revenue Expenses? Explain with
examples?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Deferred Revenue Expenses are those expenses which are
spent in large amount in any year but the benefit of which
accrues for many years. Hence, it is written off through
profit and loss account during their benefit period. For
example, huge amount spent on advertising during launching
of a product, the benefit of which will accrue for five
years. This expenditure will be written off in the profit
and loss account of succeeding five years.
 
Is This Answer Correct ?    85 Yes 3 No
Shruti Agarwal
 
Answer
# 2
Deferred revenue expenditure means expensed in the current
year or month but the period of benefits will be getting
over the diffrent future months or year.Example : Paid for
Advertisement expnses.If you paid Rs 12000 for a year in
the month of Jan'09 the period of benefits you are enjoying
for the whole year.
 
Is This Answer Correct ?    28 Yes 8 No
Santy
 
 
 
Answer
# 3
yes sir,deferred revenue expenses are those expenses which are incurred in initial stage and the benfit of the expense gives future benefit. 
Is This Answer Correct ?    13 Yes 1 No
Chandu
 
Answer
# 4
Can deferred revenue expence be capitalized? 
Is This Answer Correct ?    10 Yes 4 No
Ramesh Pk
 
Answer
# 5
in balance sheet is it necessary to show this type of
expenditure? this type expenditures should be shown in
Miscellaneous expneses or what?
 
Is This Answer Correct ?    4 Yes 4 No
Soumya
 
Answer
# 6
Deferred Revenue Expenditures are those expenditures which have been incurred in an accounting period and they do not create any assets but their benefit is spread in more then one accounting period Ex. Advertisement Cost .
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
 
Is This Answer Correct ?    0 Yes 1 No
Kapil
 
Answer
# 7
deffered revenue is like consulting fees . 
Is This Answer Correct ?    3 Yes 6 No
Thamim
 

 
 
 
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what is the difference between liquid asset and fixed asset   6
what do you know about NAV   1
fill in the Blanks Yours accounts must be compulsorily audited if your turnover exceeds _____________   1
what is the differance bet ween Bill and invoice? DataMonitor 4
What is deference between Revenue and Income Capital-IQ 10
EXPAND___________NRI   3
what is capital gain   4
Is Goodwill a Intangible or Fictitious Asset ?   11
Choose the right answer Which of the following is Nominal account 1.Sales 2.Customer 3.Dealesrship Deposit   2
16. Eurodollars are best described as =============== a) The new currency of the European Union b) A U.S dollar denominated deposit ….generally in a bank located outside the United States …that is not subject to US banking regulation. c) A currency deposited outside its country of origin d) A foreign..denominated deposit subject to US banking regulations Wipro 5
What is a zero debt company?   3
 
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