whats the treatment of misc expenditure in revised schedule VI
and how it is to be shown in B/S n P&L ???
chintan mehta (Chartered Accountant) (445 Points)
01 December 2011whats the treatment of misc expenditure in revised schedule VI
and how it is to be shown in B/S n P&L ???
ashish gupta
( student)
(1922 Points)
Replied 01 December 2011
Dr. balance of p&l will appear under Reserve & Surplus only in BS. ( Even if the resukt figure is negative).
And no expense is deffered so there is nothing like misc expenditure in BS anymore
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