Doubt
This query is : Resolved
15 December 2013
why expenditures not written off are shown in balance sheet?
15 December 2013
because in furture they will be written off.
SANYAM ARORA
(Expert)
15 December 2013
In B/sheet we generally show those income and
expenses which have not been written off in the C.Y but certainly would be in the Coming Years.
Thats why they are called Outstanding & prepaid
expenses which have not been written off in the C.Y but certainly would be in the Coming Years.
Thats why they are called Outstanding & prepaid
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