Question

stion: 24/ 40
Deferred revenue expenditure given on
the Asset side of the Balance sheet will
be:
[1 mark]
Credited to all partners
None of these
Debited to sacrificing partners
Debited to old partners
Clear A Report an issue​

Answer 1

Answer:

Deferred Revenue expenditure are usually large in amount and benefits are not consumed within the same accounting period. Part of the amount is shown in profit and loss account and is reduced from total expenditure and rest is shown in balance sheet. These expenditure does not result in an asset creation. That's why these are shown under the head miscellaneous expenditure.

Please Mark Me As Brainlist