Treatment of tendering expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2015
Dear All,
In case of Tendering Expenses, If we lost the tender we have to Debit the expense as a regular business expenditure. If we gain the tender we transfer that amount to the cost of the project. My Doubt is when we don't know the outcome of the tender, how that expense will be shown in the Financials at thee year end/ during interim financial reporting by listed companies.
In case of Tendering Expenses, If we lost the tender we have to Debit the expense as a regular business expenditure. If we gain the tender we transfer that amount to the cost of the project. My Doubt is when we don't know the outcome of the tender, how that expense will be shown in the Financials at thee year end/ during interim financial reporting by listed companies.
08 September 2015
You will have to keep it as an asset till you get to know the outcome.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2015
Thank you Sir...thank you Very much
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- FREELANCING ACCOUNTANT
- Gst Audit dept
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- 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
CAclubindia
