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What is the treatment for PRELIMINARY EXPENSES?
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Answer / kaseeswar
The expenses which are must to run the company
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / di
Preliminary expenses are heavy advertisement expenses incurred before incorporation of a company
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / lalit sharma
thease expenses are spend in the starting of business.and it
is shown in the dr. side of p&l a/c.and it is written off
every year.
| Is This Answer Correct ? | 3 Yes | 7 No |
Answer / tapas kumar debnath
It should be written off through Profit and Loss Account
over the number of years gradually after calculating the
net profit.
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / himanshu bansal
priliminary exps is a exps which is incured in formation of
a firm,like advertisement and all.thats why it goes in
balance sheet, assets side,in current assests.
| Is This Answer Correct ? | 2 Yes | 10 No |
Answer / gayatri jadhav
PRILIMINARY EXPENCES ARE WRITTEN OFF AFTER PROFIT
CALCULATION
| Is This Answer Correct ? | 20 Yes | 66 No |
Answer / shaik bajivali
THIS EXPENSE HAS TO BE POSTED IN THE DR SIDE OF PROFIT AND
LOSS ACCOUNT
| Is This Answer Correct ? | 37 Yes | 119 No |
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Gross salary is 762000, PF deducted 38000, ESI deducted 6700, TDS deducted 6000, Advance deducted from staff 12000, net salary sent to bank 699300. How do we enter journal in Tally 7.2
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What is conta entry
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i want report country wise with invoice number for gl account
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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
Audit 
