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what is the priliminary expenses
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Answer / 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 |
Answer / nagalakshmi.k
ans:preliminary expenses is the fictitious assest.It is
shown in the asset side of the balance sheet,and also shown
in the profit&loss debit side it means it is shown in the
expenses side(indirect expenses)
| Is This Answer Correct ? | 5 Yes | 1 No |
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