Accounting · Capital and Revenue Expenditure
Deferred revenue expenditure is best described as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A purely capital expenditure
- 2A revenue expenditure that provides benefits over multiple financial periods✓
- 3An income that is received in advance
- 4A contingent liability that may arise in the future
Correct answer
A revenue expenditure that provides benefits over multiple financial periods
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