Misc. expenditure
This query is : Open
27 September 2012
Where to show Misc. expenditure (to the extent not w/off) under the revised schedule VI?
Please reply.
It's urgent.
Please reply.
It's urgent.
CA Ayush Agarwal
(Expert)
27 September 2012
nder Current Assets Only.
No Other Place.
No Other Place.
27 September 2012
It should not come under current assets for sure.
Because we carry forward it for more than 1 year.
Because we carry forward it for more than 1 year.
CA Ayush Agarwal
(Expert)
27 September 2012
Yes, But Not a Major Issue.
If Go By Law, Then You Should Show Next Year Write Off Amount in Current assets, & Balance Amount in Long term.
If Go By Law, Then You Should Show Next Year Write Off Amount in Current assets, & Balance Amount in Long term.
27 September 2012
If you say so, then portion of fixed assets which is to be depreciated in next year should also come under current assets.
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