what is the priliminary expenses

Answer Posted / surendra

It is an exp which is incurred by company before
incorporation of the comp.so it is in asset and we have to
shown on the asset side of b/S under intangible assets and
the same should wright off over a period of time through dr
to p&L Account.

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is depreciation and how many types are there. Please give details?

667


Tell me what steps would you take to increase revenue for this company?

588


What is your greatest achievement and why?

590


how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry

1561


Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000

1419






Productive Investment is Working Capital. Is it correct?

1249


What is normative accounting?

585


What are premises in accounting sense? What is vat adjustment?

632


Tell me do you have any idea about service tax or excise?

611


my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.

1132


Do you know what qualities and skills make an account manager successful?

661


What is cotangent Account?

1555


What is the tds effect in balance sheet if tds receipts?

684


What are time sheets? How are they maintained?

616


Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan

2202