Huge expenditure incurred at the time of launching of a new product in market is a/an -

Name: Huge expenditure incurred at the time of launching of a new product in market is a/an -
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Deferred Revenue Expenditure is the correct answer because it refers to the large amount of money spent on launching a new product, which benefits the business over a few years, not immediately. This expenditure is not capitalized, nor is it written off in the year it is incurred; instead, it is spread over several years.

Huge Expenditure Incurred at the Time of Launching of a New