In IPL every franchise has to pay the BCCI a certain sum of money for buying the players at the auction. How should they treat that expenditure in their books of accounts??
Menu
Treatmant of exp made by IPL franchises for buying players
Replies (1)
This is to be treated as direct expenditure. This is a sort on licence fee one franchisee gives to its principle. It may be accounted on the account head of "Franchisee fee"
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
