Deferred revenue expenditure is:

Revenue expense Capital expense Fictitious asset Both option 1 and 3

Both option 1 and 3

Deferred Revenue Expenditure is an expenditure that is revenue in nature and incurred during an accounting period, however, related benefits are to be derived in multiple future accounting periods. Part of the amount which is charged to the profit and loss account in the current accounting period is reduced from total expenditure and the rest is shown in the balance sheet as an asset (fictitious asset, i.e., it is not really an asset).