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Brand Presentation in Balance Sheet

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2011 i have made expenditure for creation of brand under which our products are sold in the market.

My question is where to show such expenditure in balance sheet / P&L i.e. full treatment of such expenditure.

Whether it can be shown as Intangible assets under fixed assets or can it be shown as misc. exps. as deferred revenue exps.??
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
03 February 2011 You can show it is a intangible assets, it will be amortised as per life the product.
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