FESTIVAL ADVANCE OF RS 25000 WAS GIVEN TO EMPLOYEES AT THE TIME OF DEEPAWALI.IT IS A .....
a) REVENUE EXPENDITURE.
b) CAPITAL EXPENDITURE.
c) DEFERRED REVENUE EXPENDITURE.
d) NOT A EXPENSE.
2 Replies
Suguna
(VP)
(98 Points)
Replied 26 April 2012
festival advance is recoverable from the employees. hence it is not an expense to the firm
Prachi Bansal
(3129 Points)
Replied 20 March 2021
what is deferred revenue expenditure? can someone explain it with an example?
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