Meeting expenses
This query is : Resolved
mastan vali
(Querist)
20 June 2014
as per revised sheduel 6 to whic account meeting expenses must be debited
PRADEEP KUMAR VATS
(Expert)
20 June 2014
Hi Mastan vali
See as per revised schedule, under the head indirect expenses, line item other expenses under Indirect expenses some expenses must disclose seprately like
1) Power & fuel
2) Rent
3) Repair & maintenance....9th
10)Miscellaneous expenditure
It is also mentioned that if any expenditure other than above is exceeding the limit
1,00,000 or
1% of revenue
whichever is higher
then show it separtely otherwise
you can take the same under miscellaneous expnediture i.e., point no.10.
Regards
Pradeep Kumar
See as per revised schedule, under the head indirect expenses, line item other expenses under Indirect expenses some expenses must disclose seprately like
1) Power & fuel
2) Rent
3) Repair & maintenance....9th
10)Miscellaneous expenditure
It is also mentioned that if any expenditure other than above is exceeding the limit
1,00,000 or
1% of revenue
whichever is higher
then show it separtely otherwise
you can take the same under miscellaneous expnediture i.e., point no.10.
Regards
Pradeep Kumar
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