what is the meaning of preliminary expenses and how you
shown in balance sheet
- 50 Answers
- 230568 Views
- Banking, BPL, CA, Capital IQ, Chartered Accountant, First Midwest Bank, GE, Glass Wall Systems, Ocwen, Siemens, I also Faced
- E-Mail Answers
Answer Posted / anil kumar samal
Basically the expenditure which is made at the time of
formation of Company or formation of Business
organisation,it is transfered to profit & loss A/C, and
written off from profit every year. it is showing in the
Balance Sheet under Miscellaneous expenditure in the asset
side.
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
what is composition vat
Expand CASA
How do you avoid loss situation
With a 600 credit score, how to improve my credit rating score?
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
how a fund flow statement benefit the individual, corporate?
What is the Formula For Return on Working Capital
what are the difference between banking institutions and financial institutions?
what are the differences between Tally and Focus?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
what is the difference between speculation & investment?
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
Accounting related interview questions on ibm
what is the good prasentation on interview
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
