CA. Akhil Maangal (Head - Finance & Accouunts) (131 Points)
09 August 2012Writing Off of Preliminary Expenses will be shown under the Head "Depreciation & Amortization Expenses" or "Other Expenses" as per revised schedule VI???
Pls Reply ASAP
Venkat
(Article assistant )
(43 Points)
Replied 10 August 2012
Will be shown under Depreciation and Amortization Expenses, But I have a doubrt on What is the treatment for Miscellanoues expenditure not written off. What is the head for the same .
Please clarify
Gaurav Joshi
(M.Com)
(44 Points)
Replied 19 September 2012
Writing Off of Preliminary Expenses will be shown under the Head "Other Expenses" as per revised schedule VI.
C.A. LINESH PATIL
(CA)
(910 Points)
Replied 20 September 2012
As per para 56 of AS 26 preliminary expenses are written off in P&L A/c in a year to which it relates.
CAclubindia
