Preliminary expenses which we paid incorporate the company. 
that expenses shall be transfered to profit & loss a/c.for 
some years.so it will be in current asset.

Preliminary expeneses are the nature of fictitious assets. 
These are the formation expenses of the company before any 
operation of the busines held.  These are transferred to 
the profit and loss accounts  and written off every year 
from the profits of the business.  These expenses are shown 
on the assets of the balance sheet under the head 
misceallenous.

Expenses incurred before the commencement of the business 
are prelimary expenses  and same will be deferred over the 
period will be shown under Assets side of balance sheet as 
Miscellaneous Expenses (Asset).