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Writing off of membership fee

Internal Audit 806 views 2 replies

Hai,

 

In a company took a 25 years membership with club mahindra for their staff tour and something relates to welfare. now how will i write off the membership fee. whether for 25 years i want write off the same it or any other option is there.

 

Thanks and regards

Anto

Replies (2)
AS-9 ::: Revenue Recognisition
 
It should be recognised on a systematic and
rational basis having regard to the timing and nature of all services

its case of deffered revenue expenditure, so allocate the expenses systematically over the period of 25 years


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