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What is the treatment for 'DEFERRED REVENUE EXPENDITURE'?
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Answer / samarth singh
For example, a billboard costing rs. 2 lacs for 4 years,
then its 50,000 for the present year, and 1,50,000 for
coming years. Deferred Revenue Expenditure should be treated
in two parts:
This year's expenditure, (50,000)
and coming years expenditure, (1,50,000)
This year's expenditure is to be treated as an expense.
Coming year's portion is to be treated as an asset, as a
prepaid expense.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / siva
I need journal entries for all years and their treatment briefly...
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / bhagyashree
Discount on issue of shares & underwriting commission r
examples other than advertisement.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / seema
deffered revenue expenditure u/s 35D can be amortised for 6
years in 2006-07
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / srilatha
It is a combination of Capital Expenditure and Revenue
Expenditure is called "Defereed Revenue Expenditure"
| Is This Answer Correct ? | 8 Yes | 37 No |
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