Entries in tally
This query is : Resolved
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.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Capital gains in IT returns
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Advances to related party
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
