08 November 2008
Sorry i forgot to expand it is prepaid expenses i want to know the difference between prepaid expenses and deffered revenue expenditure
10 November 2008
Prepaid expenditure are expenditure for which money has been paid in advance, but only it has not been charged to p&l account, as they do not relate to that year. Deferred Revenue expenditure are those which have been incurred (money might have been paid or not) but the benefit of the same may relate to more than one year.
CAclubindia
