There are certain expenses that may be in the nature of revenue but their benefit may not be consumed in the year in which such expenditure has been incurred; rather the benefit may extend over a number of years are termed as
Deferred revenue expenditure refers to certain expenses that are revenue in nature, meaning they are related to the current operating expenses of a business. However, the benefit of these expenses is not consumed entirely in the year in which they are incurred, and their benefits extend over a number of years. These expenses are treated as deferred and are amortized (expensed) over the periods during which they provide benefits.
Which of the following best describes "Ind-AS" in accounting?
Calculate the Proprietary Ratio of the company?
Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accoun...
What is the limit amount for deduction in respect of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
After providing for ___________, Declaration of Dividends for the current year is made.
Intangible Assets under development will be shown under _______ head according to schedule III of Companies act 2013.
Auditing begins where ______ ends.
Goods returned by customer will be debited to which account?
As per section 9(1) of CGST Act, 2017, Central Tax on intra-State supplies shall be levied on the transaction value. This value is determined as per of...
A trader sells entire raw material to a manufacturer of finished products in the same state. He buys his stock in trade from other states as well as fro...