Accountancy, asked by abedaniswarary, 10 months ago

Explain deferred revenue expenditure with examples

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Answered by omkar9632

Upon delivery of the good or service to the customer, the deferred revenue is reclassified as an asset. An example of deferred revenue is when a cleaning company accepts the prepayment of its monthly fee for its services in advance for a whole year. ... In each of these cases, the

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