Revised schedule vi
This query is : Resolved
25 September 2012
In one Balancesheet there are some pre-operative expenses and preliminary expenses carried forward from last years. And the company is a real estate company and no project is yet started . Pl. advise me what should i do in Balancesheet. In current year only commission income is there. Pl advise.
Regards
CA Vishal Dhamija
Regards
CA Vishal Dhamija
25 September 2012
but then what is the difficulty? Go by the accounting standards. Add line items where ever found and felt necessary.
25 September 2012
Thanks sir but can i write off all these expenses or carried forward pre-operative expenses .
25 September 2012
1/5th can be written off.
26 September 2012
thanks sir
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