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Multiple choice question

6158 views 2 replies

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.

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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