Expenditures in respect of certain types of assets whose usefulness does not expires in the year of their occurrence but generally expires in the near future are called

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Deferred Revenue Expenditure refers to the expenses incurred on assets whose benefits are not limited to the year they are paid for but are expected to be consumed over a few years. Unlike capital expenditures that provide benefits for more than one year but are related to the acquisition of long-term assets, deferred revenue expenditures are not capitalized but are written off over a short to medium term.

Expenditures in Respect of Certain Types of Assets Whose Usefulness