Question
A company incurs heavy advertising expenditure of ₹2
crore in launching a new product. It wishes to defer the expense over 4 years. As per accounting standards, how should this be treated?Solution
As per AS-26 (Intangible Assets), such expenses are revenue in nature and should be fully written off in the year incurred.
More Accounts Questions
Which of the following numbers will replace the question mark (?) in the given series?
17, 30, 44, 59, 75, ?
16, 20, 11, 27, ?, 38
3, 8, 18, 33, 53, ?
32, 64, 8, ?, 2, 4
- What will come in place of the question mark (?) in the following series?
121, 115, 102, 82, 55, ? 32, 42, 62, 92, ?, 182
58, 63, 78, ?, 138, 183
13, 29, 65, 129, ?, 373
What will come in place of the question mark (?) in the following series?
32, ?, 30, 46, 28, 44
14, 17, 23, 32, ?, 59
