hardik dave (student) (508 Points)
13 January 2011
whaty do you mean by deffered revenue expense?
plz explain with example.
reply soon.
thanks in advance.
regards
Hardik Dave
* Krishna *
(CA Student)
(6149 Points)
Replied 13 January 2011
Deferred Revenue Expenses are those which are incurred in an accounting period and they do not create any assets but their benefit is spread in more than one accounting period Ex. Advertisement Cost is one such example, we incur expense of advt. in one accounting period, the benefit of which will accrue in that/subsequent periods through its sales like if we advertise for sale of a product.
Madhusudan Kabra
(knowledge seeker)
(1779 Points)
Replied 13 January 2011
| Originally posted by : Krishna | ||
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Deferred Revenue Expenses are those which are incurred in an accounting period and they do not create any assets but their benefit is spread in more than one accounting period Ex. Advertisement Cost is one such example, we incur expense of advt. in one accounting period, the benefit of which will accrue in that/subsequent periods through its sales like if we advertise for sale of a product. |
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agreed .......
but the same in no longer relevent ...... now full amount should be charged to P & L in the same year
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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