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    Question

    A company has an ongoing CSR project that remains

    unspent at year-end. What is the correct treatment?
    A Expense to P&L Correct Answer Incorrect Answer
    B Transfer to “Unspent CSR A/c – Ongoing Projects” within 30 days and spend within prescribed time Correct Answer Incorrect Answer
    C Carry forward as prepaid Correct Answer Incorrect Answer
    D Transfer to Capital Reserve Correct Answer Incorrect Answer
    E Adjust against retained earnings Correct Answer Incorrect Answer

    Solution

    Companies Act/CSR Rules require transfer to a special account for ongoing projects within timelines.

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