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Misc. expenses( asset)

IFRS 911 views 3 replies
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Accountant
86 Points Joined January 2009

In Exim operations forward loss can treat as Misc. Expenses ( Asset) in Balance Sheet or it treat as indirect expenses. Please clarify.

Prasanna- 9032229117

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On 12 February 2014 at 17:20 Report
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Entrepreneur
424 Points Joined June 2011
It should be treated as indirect expenses
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On 12 February 2014 at 18:33
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B.Com CA Final CS
5270 Points Joined September 2009
It should come under indirect expenses...and as per my knowledge and after thinking logically such exp should never come under asset
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On 12 February 2014 at 18:36
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article executive
21 Points Joined February 2014
Golden rules _ nominal a/c _debit all expenses and losses Direct exp_any exp which the business output indirect exp_any exp that doesnt affect the business from this you can very procced ,it is a indirect exp
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On 14 February 2014 at 15:26

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