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 ?
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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