advertisement expenditure to be written off yet, will apper on the -----. side of balance sheet
a)debit
b)credit
c)assets
d) liabilities
answer with explaination pls
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Answer:
assets
Explanation:
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Advertisement expenditure to be written off yet will appear on the assets side of the balance sheet.
- Advertising Expense alludes to cost brought about in advancing a business, like distributions in periodicals (papers and magazines), TV, radio, the web, announcements, fliers, and others.
- Since the bookkeepers can't gauge the future advantage of the promotion, the publicizing costs should be accounted for as Advertising Expense at the time the advertisements are run.
- Advertising Expense is an expense account. It is part of operating expenses in the income statement.
- These settlements ahead of time are treated as resources (Prepaid Advertising) and just become a piece of cost once the promoting administrations have been performed.
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