How a power utility represent the expenditure incurred on account of social responcibility Cost. I mean that whether the same will show it above or below the profit & loss account. This is urgent. Please help me to close the books.
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Presentation of Accounts
Replies (2)
profit & loss account (Above the line )
Hi sandip,
Mostly the expenditures spent for administration, office, sales, marketing any other provisions for dues and other government dues appear in P&L above the line. And items in the nature of appropriations resulting effect in balance sheet like Transfer to General reserve, Dividend equalisation reserve, provison for dividend, etc.. will appear in P&L below the line (latter has resulting effect in Balance Sheet).
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