Misc. expenditure

This query is : Open

Dhaval (Querist)
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27 September 2012 Where to show Misc. expenditure (to the extent not w/off) under the revised schedule VI?
Please reply.
It's urgent.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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27 September 2012 nder Current Assets Only.
No Other Place.

Dhaval

Dhaval (Querist)
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27 September 2012 It should not come under current assets for sure.
Because we carry forward it for more than 1 year.

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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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.

Dhaval

Dhaval (Querist)
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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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