Expenses Head
This query is : Resolved
16 January 2010
Dear Sir,
A Prop. Manuf Firm has made expenses on trade Mark registration.The amount is Say Rs.15000.00 under what ac head should be the expenses accounted.Is it a expenses.Please say i expenses then under what Group of Expenses Direct or Indirect.
What should the the tentive Gross Profit for Manuf. & Labour Job Work.
Regards
A Prop. Manuf Firm has made expenses on trade Mark registration.The amount is Say Rs.15000.00 under what ac head should be the expenses accounted.Is it a expenses.Please say i expenses then under what Group of Expenses Direct or Indirect.
What should the the tentive Gross Profit for Manuf. & Labour Job Work.
Regards
16 January 2010
As per AS-26, Trade mark is Intangible asset, it can be capitalised
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