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WHAT IS THE ENTRY TOWARDS PAYMENT OF A BRNAD AMBASSADOR OF
A COMPANY
- 10 Answers
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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 |
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 |
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 |
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 |
Answer / shyam
indirect/marketing exp DR
TO CASH/BANK A/C
THE PAYMENT FOR ADVOTISEMENT
| Is This Answer Correct ? | 2 Yes | 2 No |
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 |
Answer / balarama krishna
Business promotion expenses dr
To Bank
| Is This Answer Correct ? | 0 Yes | 0 No |
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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