16 January 2014
sir please tell me one of a private limited company does not have any transaction and regularly filing returns with Roc what about preliminary expences which occurred every year example audit expences, expences of mantaning bank accounts etc. should they debited to reserve and surplus account or it should be written off
16 January 2014
you mean to say it should be routed through profit and loss statement via jv transaction to reserve and surplus account debit balance will be untill till the the business started
CAclubindia
