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Commerce · Q2048

Accounting

Graduate and Post Graduate · Commerce · question 2048

Q2048

Which of the following is a deferred revenue expenditure?

A.
Legal expenses incurred on the purchase of land
B.
Expenses on a mega advertisement campaign while launching a new product
Answer
C.
Expenses incurred on installation of a new machine
D.
Wages paid for construction of an additional room in the building

Answer: Option B

Solution

Answer: Option B
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