What is the treatment for PRELIMINARY EXPENSES?

Answer Posted / ca.g.srinivasan

Preliminary Expenses should be written off fully, if they
are incurred, after the date of AS 26 becoming mandatory.
Expenses incurred before the date of AS 26 mandatory to be
written off over a number of years as origninally
contemplated

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is data entry? what is report generation ?in accounting how it is used .

1839


Three steps for correction in BRS?

1736


explain sales/purchase accounting?

1758


what would you contribute for bhels growth

1652


please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam

1848






Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

1585


Define `Realisation` Account? Explain the salient features?

2554


send me accounting test ppaers

1747


what is the difference between cash flow and funds flow

1694


Why does one need a broker?

1829


what is a depository?

2342


differed tax liability

1478


3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.

1615


why should the company give first perference to the perference shareholders?

2009


WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

1781