An MNC client (German base) has paid towards membership fees for 20 years to golden palms hotel . Whether the same should be expensed on payment basis or amortised over a period of 20 years
18 December 2008
In my opinion it should be amortised over the period of 20 years..Bcz the benefit wl occur for 20 years.. If we expenc it on payment basis its not a good accng practice.
CAclubindia
