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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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)

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 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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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