19 October 2012
Public issue expenses are nothing but preliminary expenses and you should show it under miscellaneous assets on the asset side of the balance sheet.
Every year you should write off this against your profit for the year in five equal installments.
say current year is 2012-13 then written off will be as under:
year exp writtenoff bal in b/s 2012-13 65,00,000 13,00,000 52,00,000 2013-14 52,00,000 13,00,000 39,00,000 2014-15 39,00,000 13,00,000 26,00,000 2015-16 26,00,000 13,00,000 13,00,000 2016-17 13,00,000 13,00,000 nil
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