Preliminary exp.

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CA Pawan kumar mishra (Querist)
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25 December 2011 Can preliminary exp cn adjuest in profit n loss a/c when its incurred. Or showing and carried forward as miscellanous exp.

CA KRISHNA KUMAR DARUKA (Expert)
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26 December 2011 As per AS 26 preliminery expenses should be written off in the year in which they are incurred.

CA Pawan kumar mishra (Querist)
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26 December 2011 Bt as per sch. VI its cn shown under misc. Exp and cn b carried forward

CA Pawan kumar mishra (Querist)
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26 December 2011 Plz provide me sugestion

CA Deepak S (Expert)
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28 December 2011 You should written off the preliminary expenses in the year in which it is incurred.

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