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Guest
Guest
(Querist)
06 December 2013
1. Website Development Exp. Rs.85000
2. Mat Credit
3. Depreciation fund
4. Bank OD
where to be shown in PL and BS
2. Mat Credit
3. Depreciation fund
4. Bank OD
where to be shown in PL and BS
06 December 2013
1. Dr side p&l
2. Cr side p&l (refer as-22) and bal in Bal asset side under Deferred tax asset.
3.reserves in bal sheet
4.current liabilities - if the [period for payable is less then a year)
2. Cr side p&l (refer as-22) and bal in Bal asset side under Deferred tax asset.
3.reserves in bal sheet
4.current liabilities - if the [period for payable is less then a year)
Guest
Guest
(Querist)
06 December 2013
Thanks
Sir can we treat the website development expense as Deferred revenue expenditure
and distribute its over several years ?
Sir can we treat the website development expense as Deferred revenue expenditure
and distribute its over several years ?
06 December 2013
yes it is allowed but take 5 years for amortization of such exp as given in AS-26.
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