why do we take preliminary expenses into asset side?
Answer Posted / gopi
this exp are incurred before company estabilsh so we are
going right of for some more period from prafit and loss
accout, remaining balance as per accountig rules all
closing entris should be shown in asset and liabilitis
based on that this is not out side liability and you can
treat as prepaid exp because usefull life for some more
period so we are showing this one in asset side
Is This Answer Correct ? | 7 Yes | 9 No |
Post New Answer View All Answers
What is an operative accounts?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is the entry for provision?
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan
iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
purchase plant and machinery
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
how to solve cashbook question
What was the most difficult deal you had to close?
what is retention? how caculate on asset
how in the big companies the budget are prepared and controlled?
How is the accounting for lease transactions done?