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Revised schedule vi query

SACHIN KHETAWAT (Student) (349 Points)

28 January 2014

according to schedule preliminary exp,dis. on issue of share etc.. should be written off when they incurred...BUT this may affect Going concern!!! any views...plz reply...

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2 Replies

CA CS Himanshu Khandelwal (SAP FICO Consultant) (705 Points)
Replied 29 January 2014

Hi Sachin,

Can you please elaborate your query.

SACHIN KHETAWAT (Student) (349 Points)
Replied 02 February 2014

I mean that preliminary exp or discount on issue of shares are to be benefitable more than one financial year.it means they should be write off in the defferd nature..but in revised schedule..they written off when they incurred..so the going concern effected..