Accounting standard 13
This query is : Resolved
27 June 2008
Hai to all,
The company has paid RS 50,000 for drafting and modification of share agreement.Should it capitalise or charge to revenue?
The company has paid RS 50,000 for drafting and modification of share agreement.Should it capitalise or charge to revenue?
27 June 2008
Your query need some more background, however based on what you have written
1)If it is part of share issue expense then it has to be charged off against share premium
2) If it is for the purpose if investment in other Company then it has to be taken to the cost of Investment as it is directly related to Investment in the company and satisfy the definition of cost under AS 13
1)If it is part of share issue expense then it has to be charged off against share premium
2) If it is for the purpose if investment in other Company then it has to be taken to the cost of Investment as it is directly related to Investment in the company and satisfy the definition of cost under AS 13
27 June 2008
Assuming that the expenditure is prior to incorporation, it is in the nature of preincorporation 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
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
