Miscellaneous expenditure as Per Company's act 2013
30 March 2020
Kindly guide where miscellaneous expenditure like Preliminary expenses,preoperative expense, Discount of issue of shares etc are show in Balance sheet as per CA-2013.
1. Under Intangible assets
2. Under other non current assets
3. deducted from Capital
31 March 2020
Preliminary expenditure may be shown in the balance sheet (Schedule II part-1) under the head 'other non current assets'.Amount w/off yearly may be shown under 'other expenses' in 'statement of profit or loss'(Schedule II part-II). Alternatively, fully w/off preliminary expenses in the year of occurrence as per AS-26.