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WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF
A COMPANY

Answers were Sorted based on User's Feedback



WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / b.balaramakrishna

The amount paid to a brand ambassador can be booked under
business promotion expenses

Is This Answer Correct ?    17 Yes 1 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / deepak

since branding has long term impact on earning of a
company, therofre 1st it has be capitalised and than
amortised on some specific basis

Is This Answer Correct ?    9 Yes 2 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / dinesh sharma

this will be a business promotional expenses. & TDS should
be deducted on account of payment of a professional.(if liable)

entry will be

Dr.Business promotional exp. A/c

Cr.Cash/ Bank A/c

Dr.TDS Payable A/c

Is This Answer Correct ?    7 Yes 0 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / mahesh

Business promotion

Is This Answer Correct ?    4 Yes 0 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / saru

As the expenses used for promotion purposes, so it is a
deferred revenue expenditure.it has to be written off over
the period of the years from the profits.

Is This Answer Correct ?    2 Yes 1 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / shyam

indirect/marketing exp DR
TO CASH/BANK A/C

THE PAYMENT FOR ADVOTISEMENT

Is This Answer Correct ?    2 Yes 2 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / vivek mohan nair

Business promotion A/c Dr.
To cash

(Brand Ambassador is used by the company to promote their
business)

Yes Tds will deducted whenever applicable.

Is This Answer Correct ?    1 Yes 1 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / balarama krishna

Business promotion expenses dr

To Bank

Is This Answer Correct ?    0 Yes 0 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / suresh

It's comes under company expenses

Is This Answer Correct ?    6 Yes 8 No

WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF A COMPANY..

Answer / rajmails2

(Company Name) Co.a/c...........Dr xxx
To Cash/Bank a/c xxx
Narration :

(Being Cash/Chq. issued to (Companyname)

Is This Answer Correct ?    1 Yes 4 No

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