what is meant by deferred revenue expenditure?
Answers were Sorted based on User's Feedback
Answer / guest
Deferred revenue expenditure is a revenue expenditure whose
benifits spread more than one year.
Ex:heavy expenditure on advertisement
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / m.l.verma
Suppose we have expense 200000/- expense on advertisement and we will get crediblity profit of advertisement for four year. then we will get show Rs 50000/
as Advertisement A/c in profit & loss A/c as current year expenses. And Balence of 150000/ will be shown in balance sheet in assets side. Next year Again 50000/-will be in profit & loss A/c and 100000/-in Balance sheet and so on upto amount adjusted.
| Is This Answer Correct ? | 10 Yes | 1 No |
Deferred revenue is important because it's the money a
company collects before it actually delivers a product. For
example, a software company sells and receives payment for
a computer program before it gets delivered or installed.
This doesn't get recorded as straight revenue because, if
something goes wrong with the job, the money is at risk.
| Is This Answer Correct ? | 1 Yes | 4 No |
what is entry godds drwings in personol use my point of viwe is drwaings ac dr To goods
Tell me what is the difference between accumulated depreciation and depreciation expense?
what points we can tell in the self introduction round?
What is different between cash accounting & Mercantile Accounting ?
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
0 Answers IBM, Kumaran Systems,
Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
whats the manufacturing account
what is single entry system
Bank charges rs.100 debit/credit only in brs, where u can Posted entry,add or less in as per cash book/passbook
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
Hai i'm sujatha,i completed MBA (Finance)2010 and then i done SAP FICO ,Now i want search jobs on sap .For getting SAP FICO Consultant job what are the require skill for me?