Please can u tell me, is there any guidelines, section and notification issued by the MCA, RBI, ICAI and any other insitution related with Revenue Expenses written off through Revenue Reserve instead goes to Profit & Loss Accounts.
Please tell me which type of Revenue Expense directly debited to Revenue Reserve
You cannot set-off revenue expenses against Revenue Reserves as it would be against the matching Concept.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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