GST Certification Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Companies incur costs to acquire resources that will be used in operations to generate profits. Every cost creates either an immediate benefit or a future economic benefit. Determining when the company will realize the benefit from a cost is paramount. When a cost creates an immediate benefit, such as fuel used in delivery vehicles, the company records the cost in the income statement as an expense. When a cost creates a future economic benefit, such as purchase of delivery vehicles to deliver the goods #pdf
1027 times
385 KB
Rating:5

Download Other files in Accounts category






Trending Downloads




caclubindia books caclubindia books Score More Study Less

Popular Files