As per AS-26, preliminary expenses are to be written off in
the year in which it is incurred. How will you treat
Preliminary expenses in Cash Flow Statement of that year
Answer Posted / tejeswar reddy
Total preliminary expensed debited to p&l a/c should added to Net profit while preparing CFS
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
Why do users of accounting information need accounting information?
please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
any one provide me mm & fi configration steps
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
How new/innavtive assets are to be treated under IFRS?
Accounting Questions
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
calculations of pf
What is cash flow and fund flow?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
i need clarification about tds will be calculate before deductions or after deductions on gross salary+incentive
Describe the proof of cash type of bank reconciliation?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?