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
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