What is deferred revenue expenses?

Accounting Cost Accounting Financial Accounting Bank Accounting managerial accounting

Question added by Einstein Alex Kochummen Plavara , CHIEF ACCOUNTANT , TAXI RESTAURANTS & FOOD CO.LTD.
Date Posted: 2014/12/09

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by Sajid Hussain Penukonda , Executive Finance , Excellence Data Research Private Limited (Cognizant Group)

Deferred revenue expenses referred to expenditure incurred during the current accounting period but the benefit of the expense will last for more than one accounting year. Ex. Advertisement, subscriptions, etc.

It is a non-current asset in nature and proportionately debited to Profit & Loss Account

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