questions to enrich knowledge
This query is : Resolved
CA supriyo saha
(Querist)
24 January 2009
how a company should make provision on 31.1.09 for the sale promotion activity for which the bills will be submitted on 15.2.09. as per my opinion the previous trends i have to go through and then i have to make provision accordingly.
27 January 2009
DEAR SUPRIYO
AS PER MY OPINION IF THE EXPENDITURE OF SALES PROMOTION HAS BEEN INCURRED AND YOU HAVE PROPER ESTIMATION OF THE SAME AS ON 31.01.2009 THEN YOU CAN PROVIDE THE SAME IN THE BOOKS OF ACCOUNTS.
IF YOU HAVE NO ESTIMATION THEN YOU CAN GO FOR THE PREVIOUS TRENDS BUT IT DEPENDS ON THE WORK DONE DURING THE PERIOD UNDERTAKEN IS EQUIVALENT TO THE PREVIOUS ASSIGNMENTS.
AS PER MY OPINION IF THE EXPENDITURE OF SALES PROMOTION HAS BEEN INCURRED AND YOU HAVE PROPER ESTIMATION OF THE SAME AS ON 31.01.2009 THEN YOU CAN PROVIDE THE SAME IN THE BOOKS OF ACCOUNTS.
IF YOU HAVE NO ESTIMATION THEN YOU CAN GO FOR THE PREVIOUS TRENDS BUT IT DEPENDS ON THE WORK DONE DURING THE PERIOD UNDERTAKEN IS EQUIVALENT TO THE PREVIOUS ASSIGNMENTS.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
