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Schedule 6

Indian Accounting Standards 820 views 2 replies

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

 
Replies (2)
As these items do not meet recognition criteria of As 26 they have to be Writen off immediately. I studied As 26 today :-)

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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