A company provides training to its staff and there is bond signed with its employees for minimum 5 yrs of service.
can company recognise intangible assets in its books for staff training cost?
mona patle (12 Points)
24 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 March 2020
NO , specially prohibited to recognize the cost incurred on staff training as INTANGIBLE ASSETS
reason : entity does not have control over the Staff
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