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in balabce sheet under what audit fee comes
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Answer / manoj s
I dont think it is disclosed in balance sheet.. it is shown
as expenditure in profit and loss a/c as Audit fees...
| Is This Answer Correct ? | 13 Yes | 1 No |
Answer / manoj s
If the audit fees is outstanding, then it can be disclosed
under current liabilities
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / priya sharma
It should be shown on Debit side of profit and loss account as expenditure in the name of "Expenses incurred for Audit fees"
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / kavitha
audit fee is an administrative expense.. it comes in vertical income statement of the company under the head OPERATING EXPENSES/ Administrative expenses..
| Is This Answer Correct ? | 1 Yes | 0 No |
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