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What are examples of deferred revenue expenditure?
Ans) It is an expenditure the advantage of which will be realized over a period and not during the present period. Ex-Heavy Advertisement expenditure incurred by the company for promoting the product. The advantages of this huge expenditure will be realized over the period and not in the similar period when it is incurred.
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Worthington Company issued 1,000,000 face value, 10% bonds on July 1 2012, when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthin
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at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is
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