Answer Posted / daya

every body is telling what is deferred revenue exp but the
question is what is the treatment.


the treatment would be- it should be written off over the
expected benifit,say if the expenditure is 5000 and we can
write it off over 5yrs by charging to p&l account anD the
balance is shown under the head MISCELEANIOUS EXPENDITURE
on the assets ide of B/S

Expand-------ANCS

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How goodwill is accounted for the first time in a company .

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Entrance Exam question & Answer required

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