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visa expenses a deferred revenue exp

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2010 whether visa charges and annual air ticket a deferred revenue expenditure for a beauty salon which employs beauticians from different countries and pays for annual air ticket and one month paid leave
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
22 August 2010 It is not deffered reveune expenses, if this is paid for future period can be considered as Prepaid expenses
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Pankaj Gandhi Jaiswal

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Pankaj Gandhi Jaiswal (Expert)
05 June 2011 CMA Ramesh Krishnan is right
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