Preliminary expenses
This query is : Resolved
13 June 2012
Where to show Preliminary Expenses w/off in the P/L a/c as per Revised Schedule VI
14 June 2012
Include it in Other Assets.
Exceprt from Guidance Note:
"Incorporates current assets that do not fit into any other asset category. (Specify Nature)"
Park the portion that will be amortised in next 12 months in Current and Balance in Non current.
Exceprt from Guidance Note:
"Incorporates current assets that do not fit into any other asset category. (Specify Nature)"
Park the portion that will be amortised in next 12 months in Current and Balance in Non current.
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