misc expnses
This query is : Resolved
15 July 2011
hi,
i want to knw which account shall we use to w/off misc expenses & whn we use p&l a/c to write off misc exp?
i want to knw which account shall we use to w/off misc expenses & whn we use p&l a/c to write off misc exp?
16 July 2011
other expenses which are diff than major business heads and does not carry any big amount are to be cleared from misc expenses ledger.
16 July 2011
In case of a company Miscellaneous expenses written off relates to Preliminary Expenses which were incurred at the time of formation of the company and are allowable expenditure for 5 years.
In general Miscellaneous expenses head is created for recording those expenses which are unable to find any proper head.
In general Miscellaneous expenses head is created for recording those expenses which are unable to find any proper head.
21 July 2011
Mr.Uday Tathe , You can put it separately as 'preliminary expenses written off' in P&L account. And i wan to make it clear to all(Note to CA Mr.SS.Agarwal sir) that mis.expenses(revenue nature) is different form mis.Expenditure(Capital nature. This should not be used interchangably.
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