how we will account the preliminary expenses in journal and
ledger as well as balance sheet?
Answer Posted / md
Mr.Vijay kumar
You pass the journal entry for preliminary expenses and you
write the narration for write off entry.I dont understand
that which was correct?
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What do you think is a bank reconciliation statement?
accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.
how to prost entry for purchases with a bill
What is peach tree accounting?
How many types of business transactions are there in accounting?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
What is the difference between cost accounting management accounting and financial accounting?
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
What is accounting period?
Tell me about a situation where you showed determination?
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
If the company acquires equipment prior to incorporation what are the accounting entries?
Can you please explain the difference between differentiate between consignor and consignee?
Explain miscellaneous expenditures & profit and loss account debit balance
Explain what does the standard journal entry includes?