Dear Friends,
I would like to be strong in accounting theory subject. Could anyone please provide accounting questions with the one line answer?
Example:
What is deferred revenue expenditure (DRE)?
"The benefit of which will be available in the subsequent years is called DRE. Ex:Advertisment exp."
Some intresting interview questions also i faced:
1.) why the balance sheet always tally?
2.)Difference between Revenue exp and deferred rev exp?
3.)why depreciation is to be provided? is it compulsory? If not provided, what will happen?
4.)
Like the above...
Can anyone help me?
CAclubindia
