MCQOPTIONS
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| 1. |
The out flow of funds to acquire an asset that will benefit the business for more than one accounting period is referred to as — |
| A. | Miscellaneous Expenditure |
| B. | Revenue Expenditure |
| C. | Capital expenditure |
| D. | Deferred Revenue Expenditure |
| Answer» D. Deferred Revenue Expenditure | |