08 September 2013
Some expenditure which are in nature of revenue that means they can be set off during the year and benefits is limited to one year..
but some expenditure which are in nature of revenue but their benefits is not limited to 1 year..
Deferred revenue expenditure should be revenue expenditure by nature in the first instance, for example, advertisement. But its matching with revenue may be deferred considering the benefits to be accrued in future.