What do you mean by Preliminary Expences
Answer Posted / sunny
Preliminary expenses are those costs incurred by the
promoters, including the prospective business owner before
the incorporation of that business. In order words, they
are also called, pre-incorporation or pre-operational
expenses. They are normally shown as current assets in the
balance sheet of the business after incorporation and
written off in the profit and loss account for the period
of three years.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
what are the difference between banking institutions and financial institutions?
what is the accounting conventions
would gross expenditure vouch the correctness or otherwise of the given expenses?
how standard costing techniques are applied in manufacturing sectors
hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com
What is the analytical way of accounting?
what is status report? and flow report?
Why do you want to work with us
Expand---------PDBC
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??