Deffered costs
This query is : Resolved
Suman Parekh
(Querist)
01 October 2011
Deffered costs appering I the assest side of the balance sheet is of what nature ?
a) Fixed assets
b) Current assest
c) Intangible assest
d) Tangible assest
a) Fixed assets
b) Current assest
c) Intangible assest
d) Tangible assest
Preety Parik
(Expert)
01 October 2011
Payment/ provision made for a expense but it does not relate to current period, benefit of the expenditure is for the future period.
CA Pushpendra Gaur
(Expert)
03 October 2011
well they are to be classified as fictitious asset and also can be called as Intangible asset
In the balance shett they are to shown as "Miscellaneous expenditure"
In the balance shett they are to shown as "Miscellaneous expenditure"
CA Pushpendra Gaur
(Expert)
03 October 2011
well also as per new schedule VI of the balance sheet
they are to be classified as non-current assets
they are to be classified as non-current assets
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Closer of business and itc of capital goods
- ARCA LOGIN
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
