expenses

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2010 Comany has given an advertisement inviting tender for the financial year 2010-11 in the month of march 2010.
Will it be the Pre-paid expenses .
or it will be the current year expenses.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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02 July 2010 Since the advertisement has been given in last year itself the expenses should be charged in F. Y. 2009 - 10 itself.

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2010 Comany has given an advertisement inviting tender for the financial year 2010-11 in the month of march 2010.
Will it be the Pre-paid expenses .
or it will be the current year expenses.

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Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

05 July 2010 Since the advertisement has been given in last year itself the expenses should be charged in F. Y. 2009 - 10 itself as the expenses have been incurred in the last year though it is given for something for next year.