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what is the difference between prepaid expenses and
preliminary expenses?
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Answer / kamal
prepaid expenses are the paying by the company in advance
but the preliminary expenses are made at when the company is
established ex;-registration charges
| Is This Answer Correct ? | 53 Yes | 6 No |
Answer / manjugowda
prepaid expenses refers to payment of money in advance
before getting the benefit of it but preliminary expenses
refers to the expense which incurred by the company at the
time of incorporation and the utility of this expense
carries over a period of time and thats why it is not
completly written off in the bigging itself.
| Is This Answer Correct ? | 32 Yes | 1 No |
Answer / gnaneswar
Prepaid expenses are the Expenses which we made before
getting the benfit which we can show it as current where
as preliminary expencess are those expenditure which are
made before registration of company
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / malvika gupta
prepaid expenses are those which are paid in advance by the
company for getting the benefits and preliminary expenses
are those expenses which are made by the company aftrer
getting registered but before getting the certificate of
commencement of service.
This is the actual ans.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / rabindra acharya
Prepaid Expenses are those expenses, we get can credit
benefit in the financial year.It is paid advance to sundry
creditor,in another way we booked expenses.
But Preliminary Expenses kown as primary expenses it is run
long year and gradully write off from current asssets. it
is not clear in one or two financial year.
| Is This Answer Correct ? | 7 Yes | 4 No |
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0 Answers State Bank Of India SBI,
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