preliminary expenses

This query is : Resolved 

07 October 2010 dear frnds

can a company claim preliminary expenses nd preoperative expenses even if the company incur loss...or it shld be written off oly against profit.


thanks in advance

07 October 2010 Even the company making loss, the portion of preliminary expenses need to be debited in to p&l a/c and total loss need to carry forward

11 October 2010 thanks


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