Accounting for deffered revenue expenditure
This query is : Resolved
18 December 2013
Whether a expenditure who will benefit the client for 5 years should be written off Equally in 5 Years? if so, then where it should be shown in Balance sheet according to Revised Schedule Six?
Thanks in Advance.
Thanks in Advance.
18 December 2013
For accounting purposes, as per AS 26 ,such expenditure should be written off in the year in which it is incurred.
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