what is the meaning of preliminary expenses and how you
shown in balance sheet
Answer Posted / latha mani.b
Expenses incurred prior to the incorporation of a company
are called preliminary expenses. They are ficticious
assets appearing on the ASSETS side of the Balance Sheet.
Every year a protion of them are written off from the
profit and in the Balance Sheet the total amount of
preliminary expenses is reduced by the amount of expenses
written off.
Is This Answer Correct ? | 38 Yes | 16 No |
Post New Answer View All Answers
EXPAND___________IMA
A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch
Short Answer on _________Financial accounting
what is crisil?what is the advantage of crisil rating?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
What is Accounting on Computers
Short answer on Allowances
How to maintain Purchase Orders ? Please explain by proper format.
what is CDD’s configuration
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry
Nature of training account with reason
why specifically inited states ?
please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam