Answer / keerthi d&

Pre incorporation expences are,The expences incurred before
the company or a business entity's incorporation
(Registration).it can be Expences incurred at the time of
developing ideas for the establishment of a business
concern,expenditure incurred on the process of registration
of the concern etc..
pre incorporation exepences are to be recorded under the
head preliminary expences& losses at the assets side of the
balance sheet.these are deductable (to be set off)in the 5
subsequent years from the year of establishment. of
business.

Answer / ashok kumar

Incorporatoion Exp. Account under Preliminary Expenses and
claim this as exp in subsequent 5 year

Answer / tapan sanghvi

all the expenses pertaining to the pre incorporation part
of the company should be written off in the first year of
business as per para 55(d) of AS 26 "Intangibles".
as per income tax act, section 35D permits write off in 5
years.
hence, there will be a variance on which deferred tax asset
should be created on the difference.

Answer / vishu

Only Capital expenses is eligible for deduction.

Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

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vat will be charged on any type of transportation ?

1 Answers  

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in which voucher we can enter the depreciation entry

2 Answers  

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i have purchase flat Rs.51279327/- + stamp duty registration charges + MVAT + Service tax = 5332370/- & other charges Rs.2012540/- please late me journal entry in Fixed asssets.

1 Answers   True Fit,

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The jouranl entry of purchage of fixed assets are assents a/c dr. to cash/bank account why we not make journal entry for this is purchage a/c dr. to cash/bank .

9 Answers   Reliance,

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What is capital reserve and reserve capital?

3 Answers  

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hi, M a fresher who started work in an event management firm as an accountant recently, and i don't know the head o tail of what to be done., worse part is its a small firm, and i have to learn everything on my own,:( so if anyone could guide me pllleeeeeesssssssseeeeeeee help... its really very urgent.. I'd be very grateful...

3 Answers  

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WHAT IS FORM 'H".AND WE CAN USE THAT FROM 'H'

2 Answers  

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a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?

0 Answers  

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lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

0 Answers   CPT,

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How many Accounting standards are there in India ?

4 Answers  

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pls can any body give me detail journal entries for stock of amanufaturing company?

2 Answers  

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