Treatment of Tender ( auction) entrance expense .

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July 25, 2018 at 12:44 pm #464618
nurlankh
Participant
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Hey there,

Could you help me clarify the issue about capitalisation or recognisation of tender entrance fees as a revenue expenditure? I mostly on the opinion of recognition as a revenue expenditure because on a time of the Tender it is not probable whether company will win a tender to acquire asset or lose .

Thanks in Advance
July 26, 2018 at 11:41 pm #464821
P2-D2
Keymaster
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Hi,

Any costs in tendering for a customer are expensed through profit or loss.

Thanks
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