Accounting policy for prepaid expenses

This query is : Resolved 

06 December 2023 Hi All,
A Listed company has an accounting policy as follows.
"Expenses more than 1Cr are only considered as prepaid and amortized, all other expenses are charged to P&L."
Is this allowed ? If so, do we have a reference in any standard or guidance note ?

20 January 2024 Prepaid accounting should depend on the period/duration of such transaction then quantum.

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