Capitalisation of Deferred Revenue Expenditure

Vishal Mehta (Chartered Accounatnt) (71 Points)

22 March 2011  

Hello

As per the revised Schedule VI of the Companies Act, there is no item for Deferred Revenue Expenditure in Balance Sheet format.

Could anybody please inform us as to under which head of the Balance Sheet, deferred revenue expenditure is to be included.

Note : Deferred Revenue Expenditure comprises of the following :

1. Expense relating to increase in Share Capital

2. Expenses relating to Advertisement.