Preliminary expenses

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Eshan Upasani (Querist)
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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"

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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31 August 2013 it should be shown under other current assets.

Eshan Upasani

Eshan Upasani (Querist)
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31 August 2013 BUT THERE ARE SEVERAL SUGGESTIONS REGARDING DISCLOSURE OF DEFERRED REVENUE EXPENDITURE AS A NEGATIVE FIGURE UNDER R&S

Ganeshbabu K

Ganeshbabu K (Expert)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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31 August 2013 refer instruction to sch vi it mentions it.

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