Heavy amount spent for the advertisement of new company product is
A. Revenue expenditure
B. Deferred Revenue expenditure
C. Capital expenditure
D. Either 'a' or 'c'
Answer: Option B
Solution(By Examveda Team)
Heavy amount spent for the advertisement of new company product is Deferred Revenue expenditure. Deferred Revenue Expenditure is an expenditure which is revenue in nature and incurred during an accounting period, but its benefits are to be derived in multiple future accounting periods.Related Questions on Accounting
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A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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A. Current assets
B. Fixed assets
C. Intangible assets
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A. Current assets
B. Fixed assets
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A. Current assets
B. Fixed assets
C. Intangible assets
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