Final accounts problem
This query is : Resolved
13 March 2015
dear experts please solve this. in trial balance advertising exp of Rs. 10000 and adjustment given as.advertisement is to be spread over 5 years so how to solve this
Vishnu Saboo
(Expert)
14 March 2015
you have to written off this exp in 5 years, i.e. 2000 per year. so only 2000 will be debited to P&L in first year and rest 8000 will be deferred.
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