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Accounts Query

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LAW STUDIO ASSOCIATES

252 Points Posted on 02 July 2020

Dear Sir Indirect expenses kitna daal sakte hai kya koi limit ya rules hai please sir bataiye aur sir balance sheet sikhne ke liye sabse zyada kis cheez pe focus karna chahiye please sir guide kare

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Quick Summary

This discussion clarifies that there are no specific rules or limits on the amount of indirect expenses that can be posted in a Profit and Loss statement, as long as they are incurred in the course of business. For learning balance sheets, it's recommended to refer to the ICAI study material and Schedule III of the Companies Act 2013.

Shivam RC

Student

23693 Points Posted on 02 July 2020

There is no rule or limit regarding how much indirect expenses you can post in your Statement of Profit and Loss. All the expenses whether direct or indirect in nature which has been done in the course or furtherance of business needs to be disclosed in the P&L A/c.

Agar aap Balance Sheet sikna chayete ho to ICAI ka study material refer kar sakte ho. Refer SCHEDULE III of the Companies Act 2013.