Is Advertisement Suspense Account?
Explanation: Advertisement Expenses Are Considered to Be of Revenue Nature. but Some Times When the Expenditure Is Very Heavy and Its Benefit Is Likely to Be...
Explanation: Advertisement expenses are considered to be of revenue nature. But some times when the expenditure is very heavy and its benefit is likely to be reaped over a period of 2-3 years, then we can capitalize the Advertisement Expenditure. ... This is the Purpose of an Advertisement suspense Account.
What is advertising suspense account?
it is a deferred revenue expenditure which is reduced over the years as it is of a large amt and is shown in balance sheet asset side.
What type of account is advertisement account?
Advertisement A/c is a Nominal Account as per Traditional classification of Accounts & Expenditure/Expense Account as per Modern classification of accounts.
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