Revised schedule vi
This query is : Resolved
Chirag H. Thakkar
(Querist)
21 August 2012
I have incurred Preliminery Expenses in the Year 2011-12.
Where can I show that???
nd what effect is to be given when the same are written off???
Where can I show that???
nd what effect is to be given when the same are written off???
Arun Biyani
(Expert)
22 August 2012
Revised Schedule VI has not prescribed any treatment of preliminary expenses, however it does not stop to add any additional line on the face of balance sheet or in the notes, therefore unamortized portion should be shown under current or non current assets as the case may be depending upon its amortization over next 1 year.
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