The Holding Company has made payment Under the head Priliminary Expenses (for Company Formation Charges) for its Subsidiary Company(this is the first year of the subsidiary Company) After Writting Off One Fifth Of the Amount How Should i treat the Balance Amount In the Books Of Accounts Under Revised Schedule VI Of the Subsidiary Comapny.
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Company formation charges
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the amount which will be written off next year should be shown in other current assets and remaining in non current assets
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