Answer / h.r. sreepada bhagi

Deferred Revenue Expenditures are those revenue expenditures
which are incurred during a financial period, but the
benefit of which is expected over future financial periods.
Generally the amount will be substantial and charging the
full amount to that year's Profit & Loss A/c will distort
the operating result of that financial period. A part of the
expenditure is written off to the Profit & Loss A/c over
more than one financial period during which the benefit is
expected.
This expenditure will be huge but does not result in
creation of any tangible asset when incurred. For example,
initial Advertisement or Branding expenditure.

Answer / s.anil kumar

Deferred revenue expenditure refers to an expenses accured
during the current accounting period but applicable further
period also...example :- heavy advertisements

1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100

3 Answers   FactSet Systems,

---

What do you mean by preliminary expenses & what are types or Personal,real and nominal accounts (give some examples of it)

3 Answers  

---

Where will you show the EXCHANGE RATE RESERVES in final accounts....???

2 Answers  

---

Expand---------STRM

2 Answers  

---

What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.

0 Answers  

---

can u explain Good will calculation methods?

5 Answers   College School Exams Tests, FactSet Systems,

---

what is service tax, how much calculated on service?

7 Answers   Capital IQ,

---

What is most Expenses thing to Issue IPO ?

1 Answers  

---

A check deposited in a saving account is shown as credited in clear balance in the passbook while the other check deposited next day is shown as pending clearance. Can a bank later on debit the amount of the 1st check unilaterally,once it is cleared by bank.

2 Answers   Banking,

---

what is the use of activity based costing, process costing, product costing, what are the steps followed for the same

1 Answers   Bosch,

---

EXPAND______________ROC

1 Answers  

---

What is margin of safety?

3 Answers  

---