(i) Heavy expenditure on advertising is deferred revenue expenditure.
Do you agree or disagree with the following statement :
(i) Heavy expenditure on advertising is deferred revenue expenditure.
(ii) A solvent person’s assets are more than his liabilities.
(iii) Net Worth = Total Assets – Outsiders Liabilities
(iv) Conservatism’s concept means to play safe.
(v) The dual aspect means every transaction has two effects i.e. debit and credit.
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