Interested to Buy Any Domain ? << Click Here >> for more details...
What is the treatment for PRELIMINARY EXPENSES?
- 27 Answers
- 83040 Views
- Capital IQ, Franklin Templeton, I also Faced
- E-Mail Answers
Answer Posted / syed mujtaba
Preliminary Expenses are of two Types
a) Cost of capital:Expenese on the building or purchasing
of Plant and machinery, land, Legal expenses, etc
b) Cost of capital employed:L:like issue of shares of any
kind like, bonus shares, equity shares, debentures or bonds
Allowed as Deduction
a) 5% of cost of capital or
b) 5% of capital employed whichever is more
and the qualifying amount is deductible in 5 equal
installemnts starting from the date the project is
completed or shares are issued
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Why do you want to work for us?
what are the content of purchase order?
When is a dedit note raised When is an expense booked
What are the accounting conventions and Practices?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
why you choose accounting as your career ? ?
What do you mean by Green-shoe option?
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
How Many Types of Excise Duties?
• What are the types of cash flows?
