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AS 26-Miscellaneous expenditure

This query is : Resolved 
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(Querist)
21 June 2008 Someone told me that now Miscellaneous expenditure cannot appear in Balance sheet due to inclusion of certain para in AS -26.

Do any one has idea regarding this para?
A humble request.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
05 October 2008 It is true. But what will we do if the profit is not adequate to absorb the expenditure in full? So balace will appear as Misc.expenditure to the extent not written off...

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