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?

Guest

Guest (Querist)

11 August 2012 Also please explain how loans taken by directors be classified as current or non current?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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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