Revised schedule vi

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Rajan Maheshwari (Querist)
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21 April 2012 What is the treatment/Presentation of Miscellaneous expenditures other than profit & loss Dr. balance (as there is specific guidlines to show it under Reserves & Surplus) in Revised Scedule VI ???

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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21 April 2012 Revised Schedule VI is silent about "Miscellaneous Expenditure"

It can be disclosed either

1) under the Sub-head "Other non-current Asset" or

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"

Rajan Maheshwari

Rajan Maheshwari (Querist)
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21 April 2012 But in Guidance note they suggest to show it as additional line item in balance sheet, What it means ???

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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22 July 2025 Great question!

When the Guidance Note on Revised Schedule VI suggests showing Miscellaneous Expenditure as an additional line item in the Balance Sheet, it means:

Instead of lumping Miscellaneous Expenditure under a broad head like "Other Non-Current Assets,"
You create a separate distinct line titled “Miscellaneous Expenditure” in the asset side of the Balance Sheet.
This helps in clarity and transparency, so users of financial statements can easily identify this expenditure instead of it being hidden under a generic head.

Summary:
Miscellaneous expenditure can be split between current and non-current assets depending on expected write-off.
It should be shown separately (as an additional line item), not merged into a generic asset head.
This separate presentation aligns with the Guidance Note, improving disclosure quality.

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