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Capital and Revenue Transactions — Accountancy STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11AccountancyCapital and Revenue Transactions2 Marks
Question
Write three features of deferred revenue expenditure.
✓

Answer

  1. It is a revenue expenditure, the benefits of which is to be derived over a subsequent period or periods.
  2. It is not fully written off in the year of actual expenditure. It is written off over a period of certain years.
  3. The balance available after writing off (i.e., Actual expenditure – Amount written off) is shown on the assets side balance sheet.

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