What is the treatment for 'DEFERRED REVENUE EXPENDITURE'?
- 26 Answers
- 59565 Views
- Accenture, Capital IQ, Genpact, I also Faced
- E-Mail Answers
Answer Posted / disha lakahnpal
Sometimes certain revenue exp. may be unusually heavy and
its benefits are likely to be available for more than one
year. In such a situation, it is considred appropriate to
spread an exp. over a number of accounting years.
eg: Heavy Advt to introdure a new a product or to explore a
new market
| Is This Answer Correct ? | 35 Yes | 13 No |
Post New Answer View All Answers
Expand--------SRTA
What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese
please explain the uses of internate protocol address(ip add)?
Why you want to leave your present job while they offer you with good offer?
what are responsibilities of an accountant in a company?
What is the New GL concept? how do you configure new GL a/c?
what is organic profit? and how it is calculated?
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?
differed tax liability
Short Answer on ______Budget
intorduse your self ? what to say if iam fresher.
