Accounting head for the expense
Manik (CA-Final) (53 Points)
03 June 2016Manik (CA-Final) (53 Points)
03 June 2016
CA Rohit Jain
(Practice)
(1865 Points)
Replied 03 June 2016
No other legal treatment can be given to such type of transactions. being an auditor you must consider the concept of materiality. If these amount arre so material that they can change the view of user after seeing the financial statements then they should not be part of Misc exps, otherwise its ok to show them as Misc Exp
Tarun Srivastava
(Accounts Consultant)
(77 Points)
Replied 04 June 2016
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