Answer / vinay kumar. pagidikondala

It is an expenditure which is occurred in an accounting
period but it will be applicable for further more years.

Ex:- Heavy advertisement expendature

Answer / sujit kumar panigrahi

Deffered Revenue Expenditure means any expenses in the
revenue account, which is incurred by any Company, Firm
etc. in their normal course conducting the
business/profession as the case may be, the benefit of such
expenditure would flow in more than one years except the
year of making expenditure.

Hence it would be unfair to charge such expenditure wholly
in the year of incurrance. So it would be fair practice to
deffered the expenditure over the estimated period during
which the benefit are expected to come to the company or
Firm etc as the case may be.

Example: Advertisement Expenditure incurred by a company,
Firm during the initial period of lunching of a product.

if we paid the amount through credit card what will be the entry and credit card purchases under which group

2 Answers  

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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500

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define journal in one word

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What is the use of accounting?

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what is upper circuit & what is lower circuit? please guid with an example?

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How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

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What is Accounts Recivable & Payble???

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While calculating TDS are we to take the value+Tax and then arrive at or take only the value

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Cheque dishonoured by bank What will be the entry i tally?

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HOW PASS A TDS DUE ENTRY

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Dear Sir, We are operating a Security Agency, Please suggest us how to calculate holidays & Overtime duty, where we take 12 hrs, duty from guards in place of 08 hrs. duty. Please suggest us how to calculate. thanking you, suman

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what is the journal entry of payment received after deducting tds?

4 Answers  

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