What is a deffered revenue & deffered expenses ?
what is a means of accured revenue & accured expenses?
before & after
Answer Posted / srinivas
deffered revenue and expenditure is the one whose benefit will
last long for more than an year & which shall be amortized to
p&l A/c to the extent in which the benefit is taken from that
expenditure for a particular period. Accrued revenue &
expenditure means the income or expenditure is already earned
or incurred in the particular accounting period but the effect
on cash or bank balance is not affected but it appears in the
balance sheet as an asset or liability as the case may be.
Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
How do you feel u contributed to its effectiveness?
What is external audit?
Why you want to be a auditor?
What is audit control procedure?
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
How can scope of internal audit help you?
what is the steel consumption per sq ft for ground plus 12 floors
i need to pay around $90000 to Mr.R and the agreement clause says that any amount payable as tax are not included in the amount.So how much i need to deduct TDS...??
Explain the different advantages and disadvantages of internal audit?
When should a company sack its auditor?
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
What are intangible assets?
What is the difference between internal audit and statutory audit?
Why a company or firm should carry out the audit related work.
i want question papers audit staff selection examination