where does preliminary expenses put in the balance sheet?
Answer Posted / 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 |
Post New Answer View All Answers
Expand-------BANT
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
what are the financial ratios that a manager see in accounting?
Expand SCERT
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
what are the type of cash flows?
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?
Expand------ARN
What are the benefits ofparticipation in a depository?
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
about tally erp9
What is Compliance?
Which element do you need to enter during document posting to distinguish between international and local GAAP (generally accepted accounting principle)?(any 2 answer) • Account group for the account approach • Ledger for the ledger approach • Ledger group for the ledger approach • Account for the account approach