Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the meaning of preliminary expenses and how you
shown in balance sheet

Answer Posted / latha mani.b

Expenses incurred prior to the incorporation of a company
are called preliminary expenses. They are ficticious
assets appearing on the ASSETS side of the Balance Sheet.
Every year a protion of them are written off from the
profit and in the Balance Sheet the total amount of
preliminary expenses is reduced by the amount of expenses
written off.

Is This Answer Correct ?    38 Yes 16 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is GL Balance

2251


What is Accounting on Computers

1954


EXPAND______________ICC

2131


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2030


We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

1930


1.how can carry forward the balance of ledgers to the next financial year in tally erp 9

1939


WHAT IS PROSPECTUS?

2065


What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times

2480


A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch

3686


Short Answer on _____________Accident Insurance

1723


How now about sales tax and purchase tax.what is the persentage of those thing in tamil nadu.

2333


Explain significance of Nastro and Vastro in accounts?

4076


what is the use of special general ledger if the normal trasaction in usage.

2037


does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

2152


What is the Assets & Liabilities?

2287