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Categories >> Accounting >> Accounting AllOther


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where does preliminary expenses put in the balance sheet?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
preliminary expences are recorded in asset side of the
balance sheet.
Is This Answer Correct ?    45 Yes 3 No
# 2
The preliminary expenditure to be recorded assets side of
balance sheet under the head of Miscellaneous exepnces.
Is This Answer Correct ?    31 Yes 10 No
Kalyan Reddy
# 3
Preliminary Expenses are the expenses incurred during the
establishment of a firm/Company. These expenses have to be
written off during a defined period of time
proportationately- say 5 years or so. This goes to the
asset side of balance sheet.
Is This Answer Correct ?    26 Yes 5 No
Dhruba Sanjel
# 4
Preliminary expenses are the expenses which we paid in
advance but we does not take the benefits of these expenses
at the time of their payment so these expenses become our
assets.So preliminary expenses recorded at asset side in
the balance sheet.
Is This Answer Correct ?    13 Yes 5 No
# 5
preliminary expenses put in the asset side of the balance
Is This Answer Correct ?    5 Yes 0 No
Partha Sarathi Mohapartra
# 6
Is This Answer Correct ?    6 Yes 2 No
Anil Kumar

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