Answer / sankaranarayanan

Preliminary expenses is an expenses which is incurred by the company before the registration of company, like legal charges, registering fees, etc, whatever the expenses which has been spent by the company to start the new company is called preliminary expenses, later it can be written-off.
It is shown on the assets side of the balance sheet in the last part.

Single Entry system is an incomplete system of recording the transactions, it has been mainly maintained by sole trader(small level business), it will affect only one side.

Double Entry system is an complete system of recording the transactions, there is a debit always there will be credit.

How do you maintain accounting accuracy?

0 Answers  

---

journal entries

2 Answers  

---

benefits of fund flow statement to an individual, organisation and to the society?

1 Answers  

---

In which group " charity" will come under.....in tally?

2 Answers   Al Reef, HCL,

---

Explain purchase day book.

0 Answers  

---

i purchase a vehicle rs 500000,including vat 5% , registration fee rs 40420 and insuarance fee 18500, after the use two year i sale it. how to calculate it cost? what entry in tally?

2 Answers  

---

What is BMP in IMS

1 Answers  

---

Tell me by saying, perpetual or periodic inventory system; what do we mean?

0 Answers  

---

Where a cash discount should be recorded in a journal entry?

0 Answers  

---

bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc

0 Answers  

---

difference between loans & advances

2 Answers  

---

Describe a time when you have not met your goal?

0 Answers  

---