deffered expenditure
This query is : Resolved
20 June 2009
can anyone clarify me whether advertisement is deffered expenditure or not. if not then what type of expenditure constitutes deferred exp.
20 June 2009
Dear Vinith
Deferred Expences are those which r incurred in current year but the benefit/gain of which is spread over a no. of year
e.g Technical Know how, premium on redemption of debenture etc.
if Advertisment exps. incurred a huge amount then u can spread the expences over a projected no. of year
Deferred Expences are those which r incurred in current year but the benefit/gain of which is spread over a no. of year
e.g Technical Know how, premium on redemption of debenture etc.
if Advertisment exps. incurred a huge amount then u can spread the expences over a projected no. of year
20 June 2009
Dear Vinith
Deferred exp. is one which is incurred in one year but it gives advantages of enduring nature i.e. for no. of years.
advertisement expenditure is one of them.
Deferred exp. is one which is incurred in one year but it gives advantages of enduring nature i.e. for no. of years.
advertisement expenditure is one of them.
20 June 2009
No.
Advertisement is not a deferred revenue expenditure.
After AS-26 becomimg mandatory from 1.4.2004, there is no concept such as deferred expenditure.
Either the outflow of resources is to be classified as intangible asset or charged to income statement.
Advertisement is not a deferred revenue expenditure.
After AS-26 becomimg mandatory from 1.4.2004, there is no concept such as deferred expenditure.
Either the outflow of resources is to be classified as intangible asset or charged to income statement.
20 June 2009
Deferred expense refers to an item that will initially be recorded as an asset but is expected to become an expense over time and/or through the normal operations of the business. Deferred expenses are sometimes called prepaid expenses, and it is through the use of this term that I believe it makes it easier to understand why it is initially an asset but is later transferred to an expense item.
if Advertisment exps. incurred a huge amount then u can spread the expences over a projected no. of year ,sit can be is defered expenditure
if Advertisment exps. incurred a huge amount then u can spread the expences over a projected no. of year ,sit can be is defered expenditure
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
