0
here is an example that should help you more than the dry language of it:
Accounting value
$1,000
$800
$600
$400
$200Tax value$1,000$750$563$422$316Taxable/(deductible) temporary difference$0$50$37$(22)$(116)Deferred tax liability/(asset) at 35%$0$18$13$(8)$(41)
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the meaning of deferred revenue expenditure?
an deferred revenue is known as accounting
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
Accounting entry for deferred revenue expenditure?
P&L A/C......Dr To Deffered revenue Expendature A/C
Deferred revenue expenditure?
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.
What is the difference between revenue expenditure and deferred revenue expenditure?
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
What is the meaning of deferred revenue expenditure?
an deferred revenue is known as accounting
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
Can preliminary expenses be included in deferred revenue expenditure?
yes it is a part of deffered revenue exp
How to treat deferred revenue expenditure in income tax act?
ok
Accounting entry for deferred revenue expenditure?
P&L A/C......Dr To Deffered revenue Expendature A/C
Deferred revenue expenditure?
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.
What is the difference between revenue expenditure and deferred revenue expenditure?
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
Accounting treatment of deferred revenue expenditure?
p&l A/c "dr" show examble
Deferred revenue is revenue that is?
Deferred.
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is the meaning of revenue expenditure?
Revenue is money and an expenditure is what is spent.
What is deferred revenue?
A deferred revenue expenditure is that where the benefit the expenditure can be had for more than ONE accounting period and less than FIVE accounting periods. There are no hard and fast rules that the period is linted to 1 - 5. It is just an assumption. It stands as an expired cost after the business entity has had the complete benefits. It is written off every year. saurav singh B.E(MECH) & MBA(FINANCE)
