Please Help: accounts
Posted Date : 08-Sep-2012 , 12:28:57 am | Posted By CA Prateek Negi
in revised schedule 6 were will we take discount on debentures and preliminary expenses
Category : Accounts | Answers : 1 | Comments : 2 | Hits : 266
Answers
Answer By: SHIKHA SONI
DISCOUNT ON DEBENTURES WILL BE SHOWN IN OTHER ASSETS --CURRENT ASSETS AND PRELIMINARY EXPENSES WILL BE SHOWN IN OTHER ASSETS --- NON-CURRENTS ASSETS
Comments
CA Sagar saraswat
08-Sep-2012 , 09:04:44 amyes, discount to be written off in next one year will be present in current assets and discount to be written off after one year will be shown in non current assets.
naga rakesh
12-Oct-2012 , 11:22:54 amboth are shown under non -current assets