Writing off of membership fee

Internal Audit 721 views 2 replies
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student
38 Points Joined June 2011

Hai,

 

In a company took a 25 years membership with club mahindra for their staff tour and something relates to welfare. now how will i write off the membership fee. whether for 25 years i want write off the same it or any other option is there.

 

Thanks and regards

Anto

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On 18 June 2013 at 12:45 Report
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Fresher
594 Points Joined October 2011
AS-9 ::: Revenue Recognisition
 
It should be recognised on a systematic and
rational basis having regard to the timing and nature of all services
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On 18 June 2013 at 14:41
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article assistant
466 Points Joined August 2012

its case of deffered revenue expenditure, so allocate the expenses systematically over the period of 25 years

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On 19 June 2013 at 11:17


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