Deferred Revenue Expenditure are
(ii) The benefit of this expenditure lasts for a period of more than one accounting year.
(iii) It pertains wholly or partly for the future years.
(iv) It is a huge amount of expense and thus, is deferred over a period of time.
Which if the following is true?
(a) Only Statement (i) is true.
(b) Only Statements (i) and (ii) is true.
(c) Only Statement (i) and (iii) is true.
(d) All statements are true.
Answers
Answered by
0
Answer:
the answer I
d. all Statements are correct
I hope this answer will help you. mark me as a brainly
Answered by
0
(d) All statements are true.
In business, a deferred revenue expense is an expense that is incurred during an accounting period. And the results and benefits of this expenditure accrue many years in the future. For example, revenue used for advertising is deferred revenue expense because it will continue to show its profit over a period of two to three years. Thus, the profit and loss account statement is prepared in the form of periodic statement. Let us know about it in more detail.
Similar questions
English,
14 days ago
Hindi,
14 days ago
English,
14 days ago
Business Studies,
29 days ago
Business Studies,
29 days ago
CBSE BOARD X,
9 months ago
English,
9 months ago