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What is the treatment for 'DEFERRED REVENUE EXPENDITURE'?
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Answer Posted / sridharan.v
An Expenditure the benefit of which is Received for more
than one financial year. Eg: Heavy Advertisement
Expenditure.(Vodafone)
| Is This Answer Correct ? | 19 Yes | 7 No |
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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