what is the meaning of preliminary expenses and how you
shown in balance sheet
Answer Posted / balaji ganesh
priliminary expenses are those expenses which are inncured for the development of business before its incorporation.
Its debited on profit and loss ac,and its shown on asset side of the balance sheet,where the value of the expenses is subracted(i.e credit aspect) from the profi of the businees,for the period of five year
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What is the due date for filing monthly & annual sales tax returns in karanataka
Expand-------SCAN
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
if jj form not cancelled within 1hour,wat to do
what is the uniform public construction cost accounting act?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
EXPAND___________IMF
what is Ratio Analysis ?
Short Answer on ______________House Rent allowance
3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
HOW TO MAINTAIN BANK A/C
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
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'??
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .