Money spent on heavy advertising, whose benefit is continuing for three years to come, is a __________.

Name: Money spent on heavy advertising, whose benefit is continuing for three years to come, is a __________.
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Question

Quizplus · Accepted Answer

Deferred Revenue Expenditure is the correct answer because it refers to a payment that is made for expenses which will benefit more than one accounting period. In this case, since the advertising benefits span three years, it is classified as Deferred Revenue Expenditure.

Money Spent on Heavy Advertising, Whose Benefit Is Continuing for Three