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What is Differed revenue expenditure?
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Answer Posted / kalyan
the expenditure that is incurred for better usage of
assets for future benefits exmple taking machinary if we
purchased a 2nd hand machinary then we expend some amt on
it this is for future benefit as well as for present benefit
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over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
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