Get Started
Start Free Mocks
CUETMOCK

Ace Your

CUET Preparation Today

Start Free Mocks
Home Questions PCSASGAWVQ
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:
Advertisement suspense is what type of expenditure?
Options:
Revenue expenditure
Capital expenditure
Deferred revenue expenditure
None of these
Correct Answer:
Deferred revenue expenditure
Explanation:
Advertisement Suspense is deferred revenue expenditure which is considered as an accumulated loss for a partnership firm. It exists on the Assets side of the Balance Sheet.

CUET Questions