Misc exp not w/off
This query is : Resolved
Guest
Guest
(Querist)
11 August 2012
As per new schedule VI there is no place for 'miscellaneous expenditure to the extent not w/off or adjusted' (preoperative exp)in the balance sheet
even if we write it off fully this year how should we show the last year's balance in last yr's column in B/s?
Also will a resolution be required to be passsed for the above w/off?
even if we write it off fully this year how should we show the last year's balance in last yr's column in B/s?
Also will a resolution be required to be passsed for the above w/off?
Guest
Guest
(Querist)
11 August 2012
Also please explain how loans taken by directors be classified as current or non current?
11 August 2012
Miscellaneous Expenditure not written off to be disclosed under NON CURRENT ASSETS sub head OTHER NON CURRENT ASSETS.
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