Revised schedule vi
This query is : Open
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"
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"
21 April 2012
But in Guidance note they suggest to show it as additional line item in balance sheet, What it means ???
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
- Filing d ITR by registered legal heir
- Tax implications of gift to maternal uncle
- Closure of a PVT LTD company
- 26QB correction - no data available error for fully consumed/processed with default
- ROC filings for the first year of incorporation
- Real estate business by a partnership firm where both of the partners are SC/ST
- How to open attachment in 23ac xbrl
- TDS on Purchase of Immovable Property in case of Co Owner
- When I Login E-invoice portal with waybill user id and pw, it is showing 3011 error data
- Short term capital gain Section 87A
- Input Tax Credit Puf panels
- Unable to convert User role from Registered user to Business user on MCA V3 portal
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Need to send letter to GST dept. For claimed missed ITC
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- SAC codes for Chartered Accountant
- Professional tax deduction monthly
- Cross charges verses Isd methof
CAclubindia
