misc expnses
This query is : Resolved
15 July 2011
hi,
i want to knw which account shall we use to w/off misc expenses & whn we use p&l a/c to write off misc exp?
i want to knw which account shall we use to w/off misc expenses & whn we use p&l a/c to write off misc exp?
16 July 2011
other expenses which are diff than major business heads and does not carry any big amount are to be cleared from misc expenses ledger.
16 July 2011
In case of a company Miscellaneous expenses written off relates to Preliminary Expenses which were incurred at the time of formation of the company and are allowable expenditure for 5 years.
In general Miscellaneous expenses head is created for recording those expenses which are unable to find any proper head.
In general Miscellaneous expenses head is created for recording those expenses which are unable to find any proper head.
21 July 2011
Mr.Uday Tathe , You can put it separately as 'preliminary expenses written off' in P&L account. And i wan to make it clear to all(Note to CA Mr.SS.Agarwal sir) that mis.expenses(revenue nature) is different form mis.Expenditure(Capital nature. This should not be used interchangably.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
