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where does preliminary expenses put in the balance sheet?
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Answer / kalyan reddy
The preliminary expenditure to be recorded assets side of
balance sheet under the head of Miscellaneous exepnces.
| Is This Answer Correct ? | 38 Yes | 10 No |
Answer / dhruba sanjel
Preliminary Expenses are the expenses incurred during the
establishment of a firm/Company. These expenses have to be
written off during a defined period of time
proportationately- say 5 years or so. This goes to the
asset side of balance sheet.
| Is This Answer Correct ? | 34 Yes | 7 No |
Answer / partha sarathi mohapartra
preliminary expenses put in the asset side of the balance
sheet.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / saluja.neetu
Preliminary expenses are the expenses which we paid in
advance but we does not take the benefits of these expenses
at the time of their payment so these expenses become our
assets.So preliminary expenses recorded at asset side in
the balance sheet.
| Is This Answer Correct ? | 17 Yes | 8 No |
Answer / sujit
It shows in the Asset side of Balance sheet under the head Misc Exps..
| Is This Answer Correct ? | 4 Yes | 0 No |
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