In which year (current or next accounting year) the expense related to the sale of next year is recorded
Like if a company advertise for its products which is to be launched next year?
2 Replies
Komal Barapatre
(210 Points)
Replied 27 May 2023
Advertisement expenses is a deffered revenue expenses and expensed over a period of 5 years or years which company assume that the company will receive benefits from such expenses.
sabyasachi mukherjee
(27574 Points)
Replied 03 June 2023
Advertisement expenses not always deferred revenue expenditure.
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