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Expenses head

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(Querist)
18 June 2009 Dear expert,
Please inform, if we are subscribed for two years for any magzine, under which head this exp.can be taken.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
18 June 2009 differed revenue expenditure
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
18 June 2009 Dear Gopal
Expences on Periodicals, Magazines etc. are allowed 100%, if 2 years subscription is not a big amount then entire expences u can debit to the Newspaper,Periodicals & Magazines A/c
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Gopal Sahani

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Gopal Sahani (Querist)
19 June 2009 Total amount is Rs. 1500/-.

Can I debit entire amount under the head of news paper & periodical Exp for the current year.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
19 June 2009 Yes.
You can.

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