deferred revenue expenditure
This query is : Resolved
16 September 2008
it,s a pvt.ltd they spent Rs.60lakhs as advertisement. they can write off 1/3 in books and in IT adjustment they can claim entire expenses in first year itself.
16 September 2008
Yes, it can be done. However, an Accounting Policy to that effect be given in the Final Accounts.
16 September 2008
as per as-26 , advertisement exp can't be deferred.
17 September 2008
No.
As Per Revised AS-26, Advertisement Expenditure Cannot Be Deferred.
Also After Revised AS-26, there is no such thing known as Deferred Revenue Expenditure.
Outflow of Resources Is To be Classified As Intangible Asset(Satisfying Conditions of AS-26) or Else Charged To Profit Statement in the year of incurrence.
As Per Revised AS-26, Advertisement Expenditure Cannot Be Deferred.
Also After Revised AS-26, there is no such thing known as Deferred Revenue Expenditure.
Outflow of Resources Is To be Classified As Intangible Asset(Satisfying Conditions of AS-26) or Else Charged To Profit Statement in the year of incurrence.
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