relating to MISC. EXPS
This query is : Resolved
Vishnu Agarwal
(Querist)
19 August 2008
WHAT IS THE MEANING OF MISC. EXPENSES TO THE EXTENT NOT WRITTEN OFF?
WHAT IS THE MEANING OF MISC. EXPENSES TO THE EXTENT NOT WRITTEN OFF?
Vishnu Agarwal
(Querist)
19 August 2008
ANY EXAMPLE OF IT.
Vishnu Agarwal
(Querist)
19 August 2008
REPLY AS EARLY AS POSSIBLE
Satish K Sekhar.ACCA
(Expert)
19 August 2008
The amount appearing under MISC expenses are normally the expenses incurred on establishing the company such as formation expenses etc,which would be capitalised under preliminery expenses. such expenses would be amortised over a period of 10 years
Amortisation means writting off such expenses equally over a determined number of financial years.
Misc expenses to the extent not written off means the amount of balance of such misc expenses in a given financial year .
For eg; year 05-06 - Misc. Exps 100
writtenoff 10
Balance 90
Here Rs.90 is the amount you have referred to as the expenses to the extent not written off
Amortisation means writting off such expenses equally over a determined number of financial years.
Misc expenses to the extent not written off means the amount of balance of such misc expenses in a given financial year .
For eg; year 05-06 - Misc. Exps 100
writtenoff 10
Balance 90
Here Rs.90 is the amount you have referred to as the expenses to the extent not written off
Vishnu Agarwal
(Querist)
20 August 2008
Thanx
Thanx
Vishnu Agarwal
(Querist)
20 August 2008
thanx a lot
thanx a lot
21 August 2008
I am a account teacher, you can come online, for this should have mic and headphone, I will provide digital white board. It is looking as vartual classess. reply on jaygulani@yahoo.co.in
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