Answer Posted / h.r. sreepada bhagi
Deferred Revenue Expenditures are those revenue expenditures
which are incurred during a financial period, but the
benefit of which is expected over future financial periods.
Generally the amount will be substantial and charging the
full amount to that year's Profit & Loss A/c will distort
the operating result of that financial period. A part of the
expenditure is written off to the Profit & Loss A/c over
more than one financial period during which the benefit is
expected.
This expenditure will be huge but does not result in
creation of any tangible asset when incurred. For example,
initial Advertisement or Branding expenditure.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
what are the accounting ratios
Process of the settlement cycle?
Tell me the steps for Import and Export Thanks
Expand---------NPTO
what are the certificates needed at the time of SBI clerical interview?
What is SOX
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
WHAT IS THE DIFFERENCE BETWEEN SEND FOR APPROVAL (WITHOUT PARKING) AND ASSIGNMENT CORRECT IN MYSAP FI POSTING?
What is the basic difference between pledge, hypothication and mortgage????
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com
WHAT IS INTEGRAL ACCOUNTING
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
