what is the meaning of preliminary expenses and how you
shown in balance sheet
- 50 Answers
- 230567 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 / vanshika jha
Preliminary expense are those which are incurred by promoters of company, before companies incorporation.They are fictitious asset of the co. shown in balance sheet as miscellaneous asset, which are write off from profit and loss a/c or may be from security premium reserve,if any.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
why you want to join the banking and finance industry?
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
what is new updates in account
give the examples of Error of Duplication?and Error of compensatin? with entries
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
what is the use of special general ledger if the normal trasaction in usage.
What is the journal entry for Call and a Put option both in the books of buyer and seller
what is mean by traditional accounting ?
Under the accrual basis of accounting incomes are recognised at the time -------------------
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
---------is the main or principle book of accounts
differnce between the 4.7 & 6.0 versions?
