What do you mean by Preliminary Expences

Answer Posted / nilesh

Preliminary Expenses are those, which are spend before the
incorporation of company. mostly these expenses are paid by
promoters and they are allowed to transfer those expenses to
profit and loss account after the incorporation of
business.these expenses can be written off in 5 installment

Is This Answer Correct ?    17 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are Mortgage Payment Problems?

1519


distinquish between liquidity ratio and asset management ratio

1442


Entrance Exam question & Answer required

1510


what are the important steps to take during the conversion of an accounting system.

1511


How i pass the share holders capital entry in Tally? How to set this option in Tally?

3477






DESCIBE EXPORT PROCEDURE

1538


what is the meaning of input vat & out put vat?

3534


What is fixed liabilities

1552


How Are The Balance Sheet And Income Statement Connected?

718


What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry

1583


What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

1612


Short Answer on _________________City Compensatory allowance

1523


Expand------------STRA

1633


In what cases can Convertible bonds be considerred as derivatives?

1769


what is the difference between planned and non planned budgt

1555