why do we take preliminary expenses into asset side?
Answer Posted / gangadhar das
Preliminary Expenditure are those expense which occured
before the commencement of a company, that's y it shown
under Miscellaneous expenditure on the assets side of B/S.
Preliminary Exp:- expenses incurred to register a company,
and underwritting commission etc.
| Is This Answer Correct ? | 12 Yes | 13 No |
Post New Answer View All Answers
Differentiate between provision and reserve?
Tell me how can you explain the basic accounting equation?
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
WHERE WE CAN USE VAT 5%,14.5%
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?
what is revenue recognition rule, and can you specify the answer.
Cello pen gross value is 935.89 for 12 nos 14.5% tax
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
what is contribution? how does it help in taking managerial decisions?
what is the new rate of c.s.t in uttraklhand
shares convert into share capital what is the journal entry? how many ledgers need to create?
What all are the documents need to check for a supplier payment?
how to calculate basic to gross salary
How you can adjust entries into account?