one of our client paid Rs.25 Lac to water supply board which is one time expenditure and it is non-refundable.
should i treat as preliminary expenditure and write-off over the period of Ten years?? or is there is any other way of accounting
one of our client paid Rs.25 Lac to water supply board which is one time expenditure and it is non-refundable.
should i treat as preliminary expenditure and write-off over the period of Ten years?? or is there is any other way of accounting