pleaae provide me the treatment of share issue exp, discount on issue of share ,as per revised schedule and As . As per my understanding As 26 does not cover this.
regard
rahul
2 Replies
Abhinav
(student)
(564 Points)
Replied 17 April 2013
As these items do not meet recognition criteria of As 26 they have to be Writen off immediately.
I studied As 26 today :-)
alpeshmodasiya
(rajkot)
(32 Points)
Replied 17 April 2013
Dear Sir,
As per New scheduled VI preliminery exp.should be write of immidiately from reserve & Surplus.
If R&S are not sufficeient then U recognise as Other non current assets under New Scheduled VI.
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