In Exim operations forward loss can treat as Misc. Expenses ( Asset) in Balance Sheet or it treat as indirect expenses. Please clarify.
Prasanna- 9032229117
Menu
Misc. expenses( asset)
Replies (3)
It should be treated as indirect expenses
It should come under indirect expenses...and as per my knowledge and after thinking logically such exp should never come under asset
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
Recent Threads
- Who is responcible to pay GST Liability (If Servi
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
CAclubindia
