What is the treatment for PRELIMINARY EXPENSES?
Answer Posted / vikash didwania
If any preliminary expenditure incured for those activities
which are mentioned in A.S 26 then the entire expenditure
should be charged to P & L and if it incured in respect of
A.S 10 then it should be capitalised.
Apart from these only share issue expenditure should be
amortised in P & L account over the period of 5 year. The
term deferred revenue expenditure concept is no more exist.
Is This Answer Correct ? | 8 Yes | 2 No |
Post New Answer View All Answers
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
what can increase gearing?
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?
explain about mergers & aquisitions? asked on 30/7/09
What Settlement details are required on the delivery instruction slip?
Clasify Loss
What type of questions in accouting point of respect they ask genrally plz help me find out this.
different between acconting and elective mathematics
respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
Short Answer on _____________Intangible Assets
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company