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What do you mean by Preliminary Expences
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Answer / saikrishna
before the incorparation of Buusines The ewpences that are
incured are colled preliminarey expences
| Is This Answer Correct ? | 17 Yes | 0 No |
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 |
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 |
Answer / venkatesh
Preliminary Expenses are those Expenditure related to
incorporation or Formation of Company.
| Is This Answer Correct ? | 8 Yes | 1 No |
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 |
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 |
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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