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Complete the following sentence: An expenditure which is basically revenue in nature but benefit of which is not exhausted within one year is called as - Book Keeping and Accountancy

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Question

Complete the following sentence:

An expenditure which is basically revenue in nature but benefit of which is not exhausted within one year is called as ____________

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Solution

An expenditure which is basically revenue in nature but the benefit of which is not exhausted within one year is called as deferred revenue expenditure.

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Chapter 1: Introduction to Book - Keeping and Accountancy - EXERCISE [Page 18]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 6. 3) | Page 18
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