Deferred Revenue Expenditure A deferred revenue expenditure refers to an expense incurred by a business that is expect to provide benefits over multiple accounting periods. Instead of recognizing the entire expenditure as an expense in the year it is incurred, the business spreads the cost over the period during which the benefits are… Read More »
Types of Financial Transactions There are various types of financial transactions that can impact a company’s assets, liabilities, and owner’s equity. Here are some examples: 1.Inventory purchase: This transaction increases the company’s assets (inventory) and its liabilities (accounts payable). To visit- https://www.mca.gov.in/ 2.Selling goods on credit: This transaction increases the company’s assets (accounts receivable) and… Read More »