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This video explains concepts of Capital & Revenue Receipts, Capital & Revenue Expenses, Capital & Revenue Income,
Deferred Revenue & Revenue Expenditure | Capital & Capital Receipts, Deferred Revenue Accounting, Capital vs Revenue vs Deferred Revenue expenditure



Exceptional Expenses : Sometimes, a heavy expenditure of revenue nature is incurred which gives benefit beyond the current period. Such expenditure is classified as Deferred Revenue Expenditure. A portion of such expenses are treated as revenue in current year and balance is carried forward and gradually written off in future accounting period.

Exceptional Loss : Sometimes losses of exceptional nature that involves a huge sum are treated as Deferred Revenue Expenditure. For example, Damage of property due to natural calamity, project work not materialized.