Deferred Revenue Expenditure
Deferred Revenue
Expenditure
When the benefits of revenue expenditure is
available for a period of two, three or more years, such expenditure is known
as deferred revenue expenditure and is written off over a period of a few years
and not wholly in the year in which it is incurred.
Ex: If a new firm advertises very heavily in the beginning of the year to
capture a position in tin market, the benefit of this advertising campaign will
last quite a few years. It will be better to write off the expenditure in three
or four years and not only in the first year.
When loss of a specifically heavy and exceptional nature is sustained, it can
also be treated as deferred revenue expenditure. If fire or earthquake destroys
a building, the loss may be written off in three or four years. The amount not
yet written off appears in the balance sheet. Only loss arising from
circumstances beyond one's control can be treated as deferred revenue
expenditure.
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