Miscellaneous expenditure under revised schedule vi

Revised Schedule VI does not speak about treatment of Preliminary Expenses but Disclousre to Guidance note issued by ICAI suggest: Revised Schedule VI is clear that additional line items can be added on the face or in the notes. Keeping this in view, entity can disclose the unamortized portion of such expenses as “Unamortized expenses”, under the head “other current/ non-current assets”,depending on whether the amount will be amortized in the next 12 months or thereafter.