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As 26

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 December 2010 1)Whether after introduction of accounting standard AS-26,i.e accounting for Intangible assets,there will be no deferred revenue expenditure.

2) Then what is the treatment of deferred revenue expenditure if the above is correct?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
27 December 2010 1. There will be deffered revenue expenditure.

2. Deffered revenue expenditure will be amortized in P/L account as per the matching concept.

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