what is the difference between prepaid expenses and preliminary expenses?

Categories >> Business Management >> Banking Finance
Suggest New Category

what is the difference between prepaid expenses and
preliminary expenses?

Question Posted / sarika dharankar

6 Answers
31759 Views
Capital IQ, ICAI, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is the difference between prepaid expenses and preliminary expenses?..

Answer / kamal

prepaid expenses are the paying by the company in advance
but the preliminary expenses are made at when the company is
established ex;-registration charges

Is This Answer Correct ?

53 Yes

6 No

what is the difference between prepaid expenses and preliminary expenses?..

Answer / manjugowda

prepaid expenses refers to payment of money in advance
before getting the benefit of it but preliminary expenses
refers to the expense which incurred by the company at the
time of incorporation and the utility of this expense
carries over a period of time and thats why it is not
completly written off in the bigging itself.

Is This Answer Correct ?

32 Yes

1 No

what is the difference between prepaid expenses and preliminary expenses?..

Answer / bichitra

Prepaid expencess are those for which expenditure made but
benifit not taken where as preliminary expencess are those
expenditure which are made before registration of company

Is This Answer Correct ?

17 Yes

7 No

what is the difference between prepaid expenses and preliminary expenses?..

Answer / gnaneswar

Prepaid expenses are the Expenses which we made before
getting the benfit which we can show it as current where
as preliminary expencess are those expenditure which are
made before registration of company

Is This Answer Correct ?

5 Yes

0 No

what is the difference between prepaid expenses and preliminary expenses?..

Answer / malvika gupta

prepaid expenses are those which are paid in advance by the
company for getting the benefits and preliminary expenses
are those expenses which are made by the company aftrer
getting registered but before getting the certificate of
commencement of service.
This is the actual ans.

Is This Answer Correct ?

4 Yes

0 No

what is the difference between prepaid expenses and preliminary expenses?..

Answer / rabindra acharya

Prepaid Expenses are those expenses, we get can credit
benefit in the financial year.It is paid advance to sundry
creditor,in another way we booked expenses.
But Preliminary Expenses kown as primary expenses it is run
long year and gradully write off from current asssets. it
is not clear in one or two financial year.

Is This Answer Correct ?

7 Yes

4 No

Post New Answer

More Banking Finance Interview Questions

Define Beta.

0 Answers

What are the basics of Monetary policy?

0 Answers

Which committee had worked for the recapitalisation of regional rural banks (rrb’s)?

0 Answers

What is NABARD?