How is Deferred RevenyeAdvertisement Expenditure treated in case of dissolution of a firm ?
Hi,
Deferred Revenue Advertisement Expenditure are transferred to the debit side of Partner's Capital Account in their agreed ratio. This is a loss which has to be subtracted from the surplus in Partner's Capital Account.
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Deferred Revenue Advertisement Expenditure are transferred to the debit side of Partner's Capital Account in their agreed ratio. This is a loss which has to be subtracted from the surplus in Partner's Capital Account.
Keep posting!!