In Exim operations forward loss can treat as Misc. Expenses ( Asset) in Balance Sheet or it treat as indirect expenses. Please clarify.
Prasanna- 9032229117
3 Replies
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 12 February 2014
It should be treated as indirect expenses
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 12 February 2014
It should come under indirect expenses...and as per my knowledge and after thinking logically such exp should never come under asset
santhosh
(article executive)
(21 Points)
Replied 14 February 2014
Golden rules _ nominal a/c _debit all expenses and losses
Direct exp_any exp which the business output
indirect exp_any exp that doesnt affect the business
from this you can very procced ,it is a indirect exp
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