ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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DEFERRED EXPENDITURE Definition
DEFERRED EXPENDITURE is an expenditure for which payment has been made or a liability incurred but which is carried forward on the presumption that it will be of benefit over a subsequent period or periods. This is also referred to as deferred revenue expenditure.
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AS-IS CONDITION is the transfer of title to a property in an existing condition with no warranties or representations.
SETOFF is the discharge of a debt by setting against it a distinct claim in favor of the debtor.

