Dear Friends,
Please clarify where we have to show Selling & Distribution Expenses in Revised Sch Vi of Companies Act .
Thanking You.
3 Replies
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 27 June 2012
hi,
it shal be disclosed in other expenses as per revised schedule six
regards
sripal jain
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 27 June 2012
Minimum information on the face of statement of profit and loss
• On the face of statement of profit and loss, ‘revenue from operations’ and ‘other income’ are to be presented along with the total of the two, i.e., ‘total revenue’. ‘Expenses’ are to be presented as under:
--Cost of materials consumed
--Purchases of stock-in-trade
--Changes in inventories of finished goods, work-in-progress and stock-in-trade
--Employee benefits expense
--Finance costs
--Depreciation and amortisation expense
--Other expenses
--Total expenses.
so as per the classification of minimum information,u shal disclose in other expenses
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