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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


What is the entry for deferred revenue?

dr Bank/Accounts Receiveable (A) xxx cr Deferred Revenue (L) xxx


What is the journal entry for deferred revenue?

As it is a advance receipt the journal entry would be cash dr. to deferred revenue


Is deferred revenue an asset?

Deferred revenue is recognized when cash received in advance for product or service that not delivered or rendered, so it's liability, once service fulfilled or product received Revenue Would be recognized Deferred revenue also Known as unearned revenue


Is deferred revenue a current liability?

Yes, deferred revenue is a current liability. It means that the revenue has yet to be earned, therefore it is still owed to the business or company.


Is deferred revenue a debit or credit?

debit


An example of deferred revenue is Unearned Rent?

true


Can preliminary expenses be included in deferred revenue expenditure?

yes it is a part of deffered revenue exp


How do you account for subscription sales?

Debit Cash Credit Deferred (or unearned) Revenue - Subscription Sales As the subscriptions are fulfilled - if the total amount of a subscription for 12 (monthly) magazines is 120.00 then each month: Debit Deferred Revenue - Subscription Sales for 10.00 Credit Subscription Sales for 10.00 (Deferred Revenue is a liability account)


What is the journal for deferred income?

There are two sides to the entry, upon cash receipt you debit cash, credit deferred income. To apply the deferred income, the entry is debit deferred income and credit revenue.


How to treat deferred revenue expenditure in income tax act?

ok