What do you mean by Preliminary Expences
- 7 Answers
- 12788 Views
- IBM, TCS, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
While selling fertilisers can we charge VAT on excise duty.
what about case study
What is Goods Lost by Fire/Accident/Theft ?
can payorder be issued for outstation?if yes then how?should it be account payee?
what is circuit filter?
MMT and MID payment how post in tally
what is meant by cash purchase?
Short Answer on ___________Appreciation
what is Rectification of Errors ?
Difference between cash and merchantile system?
Expand--------SRTA
What is contract accounting?
What three Specific Job Positions do you target from the Industry
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
