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Revised schedeule vi

Accounting Entries 755 views 3 replies

Dear All,

what will be treatment of preliminery expenses in revised schedule VI, which is not written off in earlier year.

Is it required to write off entire balance in revised sch. VI ?

 

 

Thanks in Advance

Amit

 

 

Replies (3)

you should write it off throgh pl a/c..now there is no provision for carrying forward deferred expenses

Due to write off huge amount of plem.exps book profit should be reduced substantialy . Should it be true treatment? Please let me know

Yes agree with Pooja


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