Please Help: Accounts
Posted Date : 15-Jul-2013 , 04:05:11 pm | Posted By: Nisha
Category :
Accounts | Answers :
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How do we disclose in Schedule-VI Financial Statement,the expenses which are deferred to the next f/y as per AS-7. |
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Answers:
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 Answer by: Vaneet Gupta |
| Deferred expense will be reduced from the respective heads in P&L account. In Balance sheet, Creditors will be netted off with the amount
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| Posted By : Vaneet Gupta |
26-Aug-2013, 11:00:37 |
| Deferred expenses will be reduced from the respective heads in P & L. In Balance sheet this will be adjusted with Creditors. |
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| Posted By : CA Madan Gopal |
17-Jul-2013, 11:34:04 |
| Deferred Expenses should be shown under Reserves & Surplus as Negative Item alternatively it can be shown as other current or non current assets as the case may be.
Regards
CA Madan Gopal
Mob: 8510053435 |
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