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What is the treatment for PRELIMINARY EXPENSES?
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Answer / kaseeswar
The expenses which are must to run the company
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / di
Preliminary expenses are heavy advertisement expenses incurred before incorporation of a company
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / lalit sharma
thease expenses are spend in the starting of business.and it
is shown in the dr. side of p&l a/c.and it is written off
every year.
| Is This Answer Correct ? | 3 Yes | 7 No |
Answer / tapas kumar debnath
It should be written off through Profit and Loss Account
over the number of years gradually after calculating the
net profit.
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / himanshu bansal
priliminary exps is a exps which is incured in formation of
a firm,like advertisement and all.thats why it goes in
balance sheet, assets side,in current assests.
| Is This Answer Correct ? | 2 Yes | 10 No |
Answer / gayatri jadhav
PRILIMINARY EXPENCES ARE WRITTEN OFF AFTER PROFIT
CALCULATION
| Is This Answer Correct ? | 20 Yes | 66 No |
Answer / shaik bajivali
THIS EXPENSE HAS TO BE POSTED IN THE DR SIDE OF PROFIT AND
LOSS ACCOUNT
| Is This Answer Correct ? | 37 Yes | 119 No |
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