Revenue expenditure is that which is incurred in anticipation of generating future income for not more than one yr for example- exp incurred in sales promotion and advertisement of an enterprise.
Whereas deferred revenue exp. are those for which payment has been made or a liability has been incurred on the presumption that it will be of benefit over a subsequent period or periods
an deferred revenue is known as accounting
What Did you mean by deferred revenue tax
P&L A/C......Dr To Deffered revenue Expendature A/C
revenue is income and expenditure is an expense
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
an deferred revenue is known as accounting
What Did you mean by deferred revenue tax
Expenditure is money going out, revenue is money coming in.
yes it is a part of deffered revenue exp
ok
They are synonyms.
Budget for a fiscal year is a statement of revenue and expenditure of the government for the particular year. If the expenditure is more than the revenue for a particular year, then this difference is called the fiscal deficit. If the revenue is more than the expenditure for a particular year then this difference is called the excess revenue.
P&L A/C......Dr To Deffered revenue Expendature A/C
revenue is income and expenditure is an expense
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
p&l A/c "dr" show examble
Capital expenditure are those the benefits of which will be taken for more than one fiscal year while for revenue expenditure benefits are only for one fiscal year.