CA CPT Model Test Paper 1 with solutions for online practice

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Question : 20 of 201

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Advertisement expenditure of Rs.10,000 paid on 30.12.2009, the advertisement in respect of which has appeared in the magazines of January, 2010. This expenditure will be:

Shown as 'expense' in the financial statements of the year ended 31st December, 2009.
Shown as 'liability' in the financial statements of the year ended 31st December, 2009.
Shown as prepaid expense in the financial statements of the year ended 31st December, 2009.
None of the three

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