Increase in authorised capital

Devendra (Chartered Accountant) (4775 Points)

26 June 2012  

M/s XYZ Pvt. Ltd. has increased its Authorised Capital by Rs. 2500000. The Turnover of the Co. is around 14.50 Cr. It has paid Rs. 30000 to the ROC for increasing its Authorised Capital. Whether such expense is t be capitalised or to be debited to Profit and Loss A/c?





Devendra Kulkarni