Miscellaneous expenditure

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whats the treatment of misc expenditure in revised schedule VI

 

and how it is to be shown in B/S n P&L ???

Replies (1)

Dr. balance of p&l will appear under Reserve & Surplus only in BS.  ( Even if the resukt figure is negative).

And no expense is deffered so there is nothing like misc expenditure in BS anymore

 


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