DD charges on BG whether to be prepaid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2011 The DD processing charges paid incase of preparation of Bank Guarantees whose period extends to more than a financial year, whether the onetime DD charges paid should be transferred to prepaid expenses and amortised over the benefit / useful life of the Bank Guarantee ?

prasad

prasad (Expert)
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02 March 2011 In my opinion, processing charges for bank guarantees are to be transferred to Prepaid expenses over the useful life of bank guarantee.

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