21 April 2012
What is the treatment/Presentation of Miscellaneous expenditures other than profit & loss Dr. balance (as there is specific guidlines to show it under Reserves & Surplus) in Revised Scedule VI ???
21 April 2012
Revised Schedule VI is silent about "Miscellaneous Expenditure"
It can be disclosed either
1) under the Sub-head "Other non-current Asset" or
2) Amount which will be written off in next 12 months can be shown under "Other current Asset" and balance amount can be shown under "Other non-current Asset"
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