Accountancy, asked by asitsabhishek, 2 months ago

is deferred revenue expenditure is personal real or nominal​

Answers

Answered by speechlessmirror85
0

Answer:

  • Part of the amount which is charged to profit and loss account in the current accounting period is reduced from total expenditure and rest is shown in the balance sheet as an asset (fictitious asset, i.e. it is not really an asset).

Explanation:

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