What is the treatment for PRELIMINARY EXPENSES?
- 27 Answers
- 76676 Views
- Capital IQ, Franklin Templeton, I also Faced
- E-Mail Answers
Answer Posted / ahmad
Prelimanary expenses are the expenses ocurred in the start
or the formattion of a company. It is recorded in asset
side of the balance sheet.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach
CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION
what is the scenario of multi-org setup?
what is crisil?what is the advantage of crisil rating?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
different between acconting and elective mathematics
what are the accounting ratios
With a 600 credit score, how to improve my credit rating score?
What are the benefits ofparticipation in a depository?
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
Why does one need a broker?
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
what are the types of provisions that you would make for the end of a financial year?explain
What is the difference between Risk, Threat & Hazard?
