Question

list any one point of difference between deferred revenue expenditure and prepaid expenses

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Answer 1

Understanding the difference is necessary to report and account for costs accurately. Prepaid expenses are listed on the balance sheet as a current asset until the benefit of the purchase is realized. Deferred expenses, also called deferred charges, fall in the long-term asset category.

Answer 2

Explanation:

Prepaid expenses are listed on the balance sheet as a current asset until the benefit of the purchase is realized. Deferred expenses, also called deferred charges, fall in the long-term asset category.