Question
Which of the following involves an expenditure that is
initially recognized as an expense but is expected to provide benefits in future accounting periods?Solution
Deferred revenue expenditure is initially recognized as an expense but is amortized over future periods because it provides benefits over the long term. This treatment ensures that the cost is spread across the periods it benefits.
She didn't want to be a wet blanket , so left the party.
Select the most appropriate meaning of the bold idiom.
The old man was caught in a Catch-22 situation .
Once in a while
The manager was on the ball during the crisis, handling everything swiftly and effectively.
In the following question, a sentence is given with a phrase or idiom highlighted in bold. Select the option given below that can replace the highlight...
When it comes to solving this problem, we need to think outside the box to find a creative solution.
In the following question, an idiomatic expression or a proverb has been given in bold—followed by four alternatives. Choose the one which best expr...
Select the most appropriate meaning of the given idiom.
Cat and dog life
Fill in the blank with an appropriate idiom.
The new employee was __________, but he quickly learned the ropes.
Break a leg
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