4. The revenue expenditure the benefit of which extends beyond the current accounting year but does not result in acquiring permanent assets is: 1)Deferred revenue expenditure 2) Capital receipts 3) Capital expenditure 4) Revenue expenditure
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Answer: Deferred revenue expenditure
Explanation: Characteristics of Deferred Revenue Expenditure
The benefit of this expenditure lasts for a period of more than one accounting year. It pertains wholly or partly for the future years. It is a huge amount of expense and thus, is deferred over a period of time.
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