Revised schedule vi
This query is : Resolved
Dhruvin Shah
(Querist)
07 April 2012
Dear Experts,
Kindly Let me know where to put Selling Expenditure Amount in revised Schedule VI
Kindly Let me know where to put Selling Expenditure Amount in revised Schedule VI
CA CS Amit S. Kedia
(Expert)
07 April 2012
You can put it under the group "Selling & Distribution Exp" on the face of the PNL.
Dhruvin Shah
(Querist)
07 April 2012
but the revised format which i have download from net it doesn't show Selling & Distribution Exp in the face of the PNL
Dhruvin Shah
(Querist)
07 April 2012
so it is fine na if i will added new had in the face of PNL
Dhruvin Shah
(Querist)
07 April 2012
Mr. Amit also tell me where to put amount of Preliminary Exp. in Balance Sheet as per Revised Schedule VI
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CA CS Amit S. Kedia
(Expert)
07 April 2012
Yes, you can add according to your company.
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Dhruvin Shah
(Querist)
07 April 2012
Thank Mr. Amit and what about Preliminary Expenses
Dhruvin Shah
(Querist)
07 April 2012
Thank Mr. Amit and what about Preliminary Expenses
CA CS Amit S. Kedia
(Expert)
07 April 2012
It would be classified under " other current Assets".
CA Sachin D Jain
(Expert)
09 May 2012
Classified under "other current asset" is amortised within 12 months, otherwise under "other non-current assets". Pl take care of AS-26, while carrying forward such kind of expenses.
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