Preliminary Expenses
This query is : Resolved
Dhanraj Jeyakumar
(Querist)
04 July 2011
Kindly explain the provisions regarding writing off of preliminary expenses as per Companies Act, 1956.
Thanks in advance.
Thanks in advance.
04 July 2011
According to AS26 issued by ICAI preliminary expenses should be written off in full in the first year itself.
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