Prior period expenses - revised schedule vi

This query is : Resolved

Shraddha (Querist)
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01 June 2015 Dear Experts,
As per AS 5,Prior period expenses need to be disclose to face of Profit and Loss Account Statement but where to disclose exactly in expenses . Please tell me below sequence of expenses is right ?

a)Cost of material consumed
b)Purchase of Stock-in-trade
c) Changes in Inventories
d)Employee Benefit Expenses
e) Other expenses
f) Prior Period Expenses

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 June 2015 the exp shall be classified as per sch 3 only under the heads as given but needs to be seperately denoted under notes to accounts under p n l a/c

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