Answer Posted / raja umar

General entry for preliminary expense is as under:

1.

Preliminary expenses (Dr) 1000
Cash/Bank (cr) 1000

When you write off

Expenses written off Dr (indirect exp) 500
Preliminary Expenses Cr. 500

Now at the end of year for full adjustments:

Profit & loss Dr. 500 (balance amount which is left)
Preliminary expenses Cr. 500

there are three entries which are to be passed to adjust the
preliminary expenses.

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