Accountancy, asked by mathewalexalex763, 1 year ago

Advertisement suspense account is loss or profit

sujiritha95: question is not clear

Answers

Answered by kapilvats346

Such Deferred Revenue Expenditure is shown in the Balance Sheet as an asset till it is written off to Profit & Loss A/c. Reason for this is very simple. ... This is the reason whyAdvertisement Suspense Account appears as an asset in the Balance Sheet.

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