Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
Question
What is deferred revenue expenditure?
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Answer
Expenditure which is basically revenue expenditure but benefits of which accured to the organisation for more than one year is called deferred revenue expenditure.
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