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Treatmant of exp made by IPL franchises for buying players

Others 846 views 1 replies

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??

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"


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