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What do you mean by Preliminary Expences

Answers were Sorted based on User's Feedback



What do you mean by Preliminary Expences..

Answer / saikrishna

before the incorparation of Buusines The ewpences that are
incured are colled preliminarey expences

Is This Answer Correct ?    17 Yes 0 No

What do you mean by Preliminary Expences..

Answer / nilesh

Preliminary Expenses are those, which are spend before the
incorporation of company. mostly these expenses are paid by
promoters and they are allowed to transfer those expenses to
profit and loss account after the incorporation of
business.these expenses can be written off in 5 installment

Is This Answer Correct ?    17 Yes 1 No

What do you mean by Preliminary Expences..

Answer / sunny

These are expences incurred by a business in the inception
and in the process of commensement of the new business.

Is This Answer Correct ?    8 Yes 0 No

What do you mean by Preliminary Expences..

Answer / venkatesh

Preliminary Expenses are those Expenditure related to
incorporation or Formation of Company.

Is This Answer Correct ?    8 Yes 1 No

What do you mean by Preliminary Expences..

Answer / sunny

Preliminary expenses are those costs incurred by the
promoters, including the prospective business owner before
the incorporation of that business. In order words, they
are also called, pre-incorporation or pre-operational
expenses. They are normally shown as current assets in the
balance sheet of the business after incorporation and
written off in the profit and loss account for the period
of three years.

Is This Answer Correct ?    4 Yes 0 No

What do you mean by Preliminary Expences..

Answer / guest

The expenses which had been incurred at the starting of the
business like advertisement expenses, printing etc these
come under Assets category

Is This Answer Correct ?    4 Yes 2 No

What do you mean by Preliminary Expences..

Answer / chandu

yes sir, preliminary expences are those expences which are
at time of incorporation of the business.
bumi puja and brocher preparation expences are best example
for prelimenary expences.

Is This Answer Correct ?    1 Yes 0 No

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