Revised schedule vi
This query is : Resolved
29 October 2012
Dear Sir
Under which head Misc.Expenses is to be treated as per revised schedule VI, Is it under Non current assets as Misc.Expenses not yet Written Off?
Thanking You
Nagaraju G
Under which head Misc.Expenses is to be treated as per revised schedule VI, Is it under Non current assets as Misc.Expenses not yet Written Off?
Thanking You
Nagaraju G
CA. SUDHARSAN K G
(Expert)
29 October 2012
Revised Schedule VI is silent on "Miscellaneous Expenditure"
Practically, there are only two option
1) Show it under the Sub-head "Other non-current Asset"
2) Amount which will be written off in next 12 months can be shown under "Other current Asset" and balance amount can be shown under "Other non-current Asset"
Practically, there are only two option
1) Show it under the Sub-head "Other non-current Asset"
2) Amount which will be written off in next 12 months can be shown under "Other current Asset" and balance amount can be shown under "Other non-current Asset"
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