What is the treatment for 'DEFERRED REVENUE EXPENDITURE'?
- 26 Answers
- 59686 Views
- Accenture, Capital IQ, Genpact, I also Faced
- E-Mail Answers
Answer Posted / samarth singh
For example, a billboard costing rs. 2 lacs for 4 years,
then its 50,000 for the present year, and 1,50,000 for
coming years. Deferred Revenue Expenditure should be treated
in two parts:
This year's expenditure, (50,000)
and coming years expenditure, (1,50,000)
This year's expenditure is to be treated as an expense.
Coming year's portion is to be treated as an asset, as a
prepaid expense.
| Is This Answer Correct ? | 6 Yes | 3 No |
Post New Answer View All Answers
While selling fertilisers can we charge VAT on excise duty.
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
how can i make transaction related to inflation account in sap ?
distinguish between Bill of Exchange and Promissory Note
Depreciation method to using Indian company names
Please tell me about service tax, tds, vat & ITR return with A to Z completely detail.
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
Entrance Exam question & Answer required
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
what is the difference between accounts manager and finance manager?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
What is dematerialisation and its benefits?
What is money measurement concept
