what will be the entry if advertisement suspence a/c is on
asset side of balance sheet?
- 4 Answers
- 14038 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Advertisement A/C Dr
To Advertisement suspense A/c
| Is This Answer Correct ? | 12 Yes | 11 No |
Answer / deepika
DR : ADVERTISMENT SUSPENSE
CR :ADVERTISMENT EXP
| Is This Answer Correct ? | 9 Yes | 9 No |
Answer / biswaranjan sahoo
When we incur advertisement exp. & benefit of the expenditure is likely to be expended within one financial year then normally full Advertisement Exp. A/c is booked to Exp. A/c, but if the benefit of advertisement exp.is likely to be derived in future accounting years then the proportionate value of advertisement exp. is capitalized in stead of booking the whole amt. in one accounting year.
So the advertisement exp. is capitalized by the following entry: Advertisement Suspense A/c----------Dr.
Advertisement A/c-------------------Cr.
Then the Advertisement Suspense A/c is placed in the Balance Sheet under the Factitious Assets Group.
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / dharmesh gandhi
WHEN ACTUAL TRANSACTION IS KNOWING THAT TIME ENTRY IS REVERSED BY JOURNAL PASSED I.E. ADVERTISEMENT SUSPENSEA/C CREDITED AND WHATEVER EXP. IS DONE LIKE ADV. EXP. OR ANY SUNDRY EXP. A/C DEBITED
| Is This Answer Correct ? | 1 Yes | 4 No |
circumstances in dissolution of solvent and insolvent partner in garner v/s murray rule
what is the difference between debit card and credit card
How many types we are received funds in business purpose
what is the basic difference between cash flow and funds flow statement?
expand ERP
Expand-----BDAC
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
What is mean by bills receivable?
what is balance sheet?
15 Answers State Bank Of India SBI,
Why does one need a broker?
What do u mean by GDP, explain in detail?
what is vat sett off? service tax?
Audit 
