Profits prior to incorporation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2010
On what basis do you apportion selling expenses?
time basis or sales basis?
because in the IPCC november 2009 solutions it is given time basis. but in the text book it has been said that any expenses related to sales should be apportioned on sales basis. what is the correct method?
time basis or sales basis?
because in the IPCC november 2009 solutions it is given time basis. but in the text book it has been said that any expenses related to sales should be apportioned on sales basis. what is the correct method?
31 August 2010
It should be apportion on sales basis.
In the exm Q may because of other information it is apportion on time basis.
In the exm Q may because of other information it is apportion on time basis.
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