ANIRBAN BANERJEE (Student) (298 Points)
24 February 2009
Pratik K
(Student)
(3406 Points)
Replied 24 February 2009
I guess even they will be confused
whether to take players as an Advance payment in Assets side of B/s or as an Expenses in P&l Account
pls any CA help us in this matter
ANIRBAN BANERJEE
(Student)
(298 Points)
Replied 24 February 2009
they treat the players contract fees as revenue exps........ debited in p&l
CA SUDIPTA SINHA
(Commerce Coaching- Accounts Cost FM)
(735 Points)
Replied 25 February 2009
the amount paid to BCCI is also debited to P/L
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9060 Points)
Replied 28 March 2009
I AGREE WITH SUDIPTO
IT SHOULD BE DEBITED TO P&L
CAclubindia
