PVR -rrr deal accounting

Accountancy

1- PVR and RRR filmmaker tie up to promote movie by changing the logo of PVR to PVRRR . in consideration PVR receive income so the expenses to change the logo on every premise is recorded as ??

Atharv Sankliya

CA Final

★ 3K+

24-Oct-22 15:05

596

Answers (4)

Best Answer

Expense incurred on logos etc do not qualify as assets. It would be expensed in the year incurred.

CA Suraj Lakhotia

Admin

25-Oct-22 13:30

Please make your question clear. Its confusing what you want to ask

Ardhendu Sekhar Acharya

CMA Inter

★ 250

25-Oct-22 00:09

CA Suraj Lakhotia Admin

Expense incurred on logos etc do not qualify as assets. It would be expensed in the year incurred.

Yes I know about that But I just want to know what will be the name of the account

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

25-Oct-22 13:44

Thread Starter

Atharv Sankliya

Yes I know about that But I just want to know what will be the name of the account

It can be branding expenses. You can use any name till it represents the nature of expenses.

CA Suraj Lakhotia

Admin

26-Oct-22 11:25