As 26
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2010
1)Whether after introduction of accounting standard AS-26,i.e accounting for Intangible assets,there will be no deferred revenue expenditure.
2) Then what is the treatment of deferred revenue expenditure if the above is correct?
2) Then what is the treatment of deferred revenue expenditure if the above is correct?
27 December 2010
1. There will be deffered revenue expenditure.
2. Deffered revenue expenditure will be amortized in P/L account as per the matching concept.
2. Deffered revenue expenditure will be amortized in P/L account as per the matching concept.
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