English

Amount spent on advertisement campaign, the benefit of which is likely to last for three years, is deferred revenue expenditure.

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Question

Amount spent on advertisement campaign, the benefit of which is likely to last for three years, is deferred revenue expenditure.

Options

  • True

  • False

MCQ
True or False
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Solution

This statement is True.

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Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 83]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 6 Capital and Revenue Expenditure/Income
EXERCISES | Q 5. (v) | Page 83
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