30 June 2009
hi all, I want to ask whether in the following situation the expenditure can be treated as deferred revenue expense or can directly be charged to revenue or other possibilites:
conpany has entered into an agreement with the AP govt for laying down of road of 57km in the area which is not owned by the company. The expenditure is around 5 crores. the company is charging this expenditure to P&L a/c in the same year of incurrance. what if the company also recieves subsisdy say 50% of the expenditure.
CAclubindia
