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Preliminary exp.

This query is : Resolved 

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.

26 December 2011 As per AS 26 preliminery expenses should be written off in the year in which they are incurred.

26 December 2011 Bt as per sch. VI its cn shown under misc. Exp and cn b carried forward

26 December 2011 Plz provide me sugestion

28 December 2011 You should written off the preliminary expenses in the year in which it is incurred.


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