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.
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Multiple choice question
Replies (2)
festival advance is recoverable from the employees. hence it is not an expense to the firm
what is deferred revenue expenditure? can someone explain it with an example?
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