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Icai material Pg: 2.35 5th point If exp is amortized over 4 years@5000 Then why is the amount shown in P&L is 15000

Monika T

CA Final

★ 7K+

30-Mar-24 19:34

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Answers (1)

When it is a going concern we can amortize the deferred expenditure over 4 years. Here there is no going concern so we can consider the amount of 15000 in p&l a/c

Likith D

Moderator

11-Apr-24 09:10

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