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Treatment of misc. expenditure in balance sheet as per revised schedule vi

This query is : Resolved 
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(Querist)
29 October 2013 Can misc. expenditure be deducted from Reserves & surplus since it is deducted while calculating Shareholders' fund? If No, then where to treat it? Plz help.
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Ganeshbabu K

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Ganeshbabu K (Expert)
29 October 2013 It is required to disclose under the head "Other current assets"
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Partha Pratim Sahoo

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Partha Pratim Sahoo (Querist)
03 November 2013 Thank you.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
03 November 2013 As per new Schedule VI it must be shown under other current asset..

(to the extent not written off or adjusted)

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