Describe Deferred Revenue
Briefly explain the term Deferred Revenue?
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Deferred Revenue Expenditure is a revenue expense that has been acquired throughout an accounting year however the profit of that might be extended to a numeral of years. And these are rated to profit and loss account.
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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