Interested to Buy Any Domain ? << Click Here >> for more details...
Need to know the treatement of Pre-Operative Expenses and
preliminary expenses. How would you differentiate these
two?
- 1 Answers
- 11168 Views
- I also Faced
- E-Mail Answers
Answer / arun
PRELIMINARY EXPENSES ARE THOSE EXP WHICH ARE INCURRED
BEFORE THE FORMATION OF THE COMPANY. EXAMPLE COMPANY
FORMATION EXPENSES INCLUDING FEES PAID TO PROFESSIONALS .
WHEREAS THE PREOPERATIVE EXPENSES ARE THOSE EXPENSES WHICH
ARE INCURRED BEFORE START OF COMMERCIAL OPERATIONS BY THE
COMPANY.
THE PREOPERATIVE EXPENSES ARE TREATED AS ADEFEERRED REVENUE
EXPENDITURE AND AMORTISED OVER A PERIOD OF 5-7 YEARS.
THE TAX TREATMENT IS AS DONE FOR OTHER DEFERRED EXPENDITURE
AND THE PROFIT & LOSS A/C IS DEBITED FOR THE APPORTIONED
ANNUAL AMOUNT EVERY YEAR.
| Is This Answer Correct ? | 5 Yes | 7 No |
why you change the company?
Who has to prepare credit note and debit note? whether the account department or the concerned department like, purchase department, sales department.
1. what is the general Percentage in india (%) of Deprication for Furniture, building Other Assests like Company Car, and COmputer and Airconditioner etc., Waiting for Answers
What does the abbreviation m mean in accounting?
Suppose we are getting a TDS Certificate from our vendor's how can enter the same in our books.
is investing in equity or mutualfund is better?
what is the difference between TDS & TCS? Note:- Plz don't tell the ful form of tds & tcs
3 Answers Jaguar, National Granites,
what do you mean by debt equity ratio?
Who owns the general ledger?
what is budgeting and steps required to configure this.
1 Answers Meru Cabs, Virtual Studio,
How to prepare HSD statements in tally
What is purchase returns accounting
Audit 
