navinkumar naicker (Article) (419 Points)
01 January 2011hello caclubindia happy new year
my question is when we incur an heavy advertisement expenditure on launching an new product in the market we treat it as deffered revenue expenditure so when an already existing product is upgraded and again an adv expenditure is incurred what shall be the treatment does this product amounts to new product ?
CA Sandeep Kumar
(Audit Assistant)
(804 Points)
Replied 02 January 2011
concept of deferred revenue expenditure is no more in practice.
CA sonal
(Job)
(128 Points)
Replied 02 January 2011
hi,
happy new year to all
the entire expenditure on existing product can be debited to year in which it is incurred.
| Originally posted by : navinkumar naicker | ||
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hello caclubindia happy new year my question is when we incur an heavy advertisement expenditure on launching an new product in the market we treat it as deffered revenue expenditure so when an already existing product is upgraded and again an adv expenditure is incurred what shall be the treatment does this product amounts to new product ? |
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