The expired cost of a deferred revenue expense is known as —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
The expired cost of a deferred revenue expense is known as —
(A) Asset
(B) Expense
(C) Liability
(D) Provision.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Expense.

Topics: Fundamentals of Accounting and Auditing

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic