why do we take preliminary expenses into asset side?
- 5 Answers
- 42614 Views
- Infosys, I also Faced
- E-Mail Answers
Answer Posted / gangadhar das
Preliminary Expenditure are those expense which occured
before the commencement of a company, that's y it shown
under Miscellaneous expenditure on the assets side of B/S.
Preliminary Exp:- expenses incurred to register a company,
and underwritting commission etc.
| Is This Answer Correct ? | 12 Yes | 13 No |
Post New Answer View All Answers
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
Tell me what is reversing journal entries?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
i want to wearies heads under direct expenses and indirect expenses
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
What are the differences between accounting and auditing?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
What are the steps to take before you approve an invoice for payment?
What is cost accountancy?
what is the head for stock trnasfer
What is service tax & excise?
What is band and why the company needs this?
