Advertisement expenses 4200 to be carried forward to the next accounting year and therefore it is to be adjusted through revaluation account...(advertisement expense is not mentioned in earlier balance sheet )

Please explain its treatment in revaluation capital account and balance sheet...and also the required journal entry..

Advt expense of RS 4200 is prepaid advt of next year, so u have to deduct it from current year expense,
Therefore advt expense will be credited in revaluation account and would be shown in asset side of balance sheet as prepaid advt

  • 26
Advertisement expences 4000rs carried out prepaid expenses
  • 0
What are you looking for?