Hi all,
Please clarify whether Marketing expenses incurred for a particular project can be considered direct costs for calculation of percentage completion method as per AS 7.
Hi all,
Please clarify whether Marketing expenses incurred for a particular project can be considered direct costs for calculation of percentage completion method as per AS 7.
No. Marketing expenses (or selling expenses) cannot be considered as part of direct cost. Para 19 of AS-7 reads as under:
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
