Miscellaneous Expenditure - It includes the following:

1. Preliminary expenses,

2. Expenses including commission or brokerage on underwriting or subscription of shares or debentures,

3. Discount allowed on the issue of shares or debentures,

4. Interest paid out of capital during construction (also stating the rate of interest),

5. Development expenditure not adjusted, and

6. Other items (specifying nature).

The amounts shown against all the items listed above, should be amounts to the extent they have not been written-off to the Profit and Loss Account or adjusted in any other manner.

The other general instructions for preparation of the balance sheet include the following:

1. Corresponding amounts for the immediately preceding financial year for all the items shown in the balance sheet should also be given in the balance sheet.

2. In the case of subsidiary companies, the number of shares held by the holding company as well as by the ultimate holding company and its subsidiaries must be separately stated.

3. Depreciation written-off or provided should be allocated under the different asset heads and deducted in arriving at the value of fixed assets.

4. Dividends declared by subsidiary companies after the date of the balance sheet should not be included unless they are in respect of a period which closed on or before the date of the balance sheet.

5. Particulars of any redeemed debentures which the company has power to issue should be given.

6. All investments must be classified into trade and other investments and the names of the companies in which such investments have been made should also be disclosed.

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