Preliminary expenses
This query is : Resolved
Eshan Upasani
(Querist)
31 August 2013
HOW SHOULD PRELIMINARY EXPENSES NOT WRITTEN OFF BE DISCLOSED IN REVISED SCHEDULE 6 IN CASE OF PRIVATE LIMITED COMPANY ?
SHOULD IT BE SHOWN AS A NEGATIVE FIGURE UNDER "RESERVE & SURPLUS" OR SHOULD IT BE SHOWN UNDER "OTHER CURRENT ASSETS"
SHOULD IT BE SHOWN AS A NEGATIVE FIGURE UNDER "RESERVE & SURPLUS" OR SHOULD IT BE SHOWN UNDER "OTHER CURRENT ASSETS"
31 August 2013
it should be shown under other current assets.
Eshan Upasani
(Querist)
31 August 2013
BUT THERE ARE SEVERAL SUGGESTIONS REGARDING DISCLOSURE OF DEFERRED REVENUE EXPENDITURE AS A NEGATIVE FIGURE UNDER R&S
Ganeshbabu K
(Expert)
31 August 2013
It is other NOn current assets
Reference: guidence note on revised schedule
You cannot say it is other cuurent assets,,as next writtenoff is done after 12 months
Reference: guidence note on revised schedule
You cannot say it is other cuurent assets,,as next writtenoff is done after 12 months
31 August 2013
refer instruction to sch vi it mentions it.
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