banner_ad

Pre Incorporation Expenses

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2009 There is a company where the name was approved by the ROC and the director of the company incurred expenses in the approved name but before the date of incorporation of the company. What will be the treatment of the said expenses? Show we debit in the profit & loss a/c or be capitalised as goodwill or some other place.
Profile Image

sivadas chettoor

Profile Image

sivadas chettoor (Expert)
22 August 2009 It is part and parcel of the pre-incorporation expenses which needs to be shown in the balance sheet and may be written off over a period of time.
sivadas chettoor B.com FCA LL.M
siva208@yahoo.com
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
23 August 2009 agree
Profile Image

Chirag Vasa

Profile Image

Chirag Vasa (Expert)
24 August 2009 after AS 26 come into existance no preliminary expenses are allowed to be capitalised and needs to be charged off immediately to profit and loss account.

You should immediately charge off such expenses to profit and loss account
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details