Preliminery Expenses
This query is : Resolved
19 September 2009
Hi All
My query is abount accounting of preliminery expenses of Pvt. Ltd. Co.
Authorised, Issued & Sub Capital Rs. 1 Lakh
No Investment in Fixed Assets
Preliminery Expenses incurred Rs 16236
My Questions are:
1. 2.5% (max) of Prelm will be amortised ?
2. 1/10 will be allowed each year ?
3. if yes, what accounting treatment should be given for remaining exp
My query is abount accounting of preliminery expenses of Pvt. Ltd. Co.
Authorised, Issued & Sub Capital Rs. 1 Lakh
No Investment in Fixed Assets
Preliminery Expenses incurred Rs 16236
My Questions are:
1. 2.5% (max) of Prelm will be amortised ?
2. 1/10 will be allowed each year ?
3. if yes, what accounting treatment should be given for remaining exp
19 September 2009
u can't recognize preliminary exp now, as per AS 26
20 September 2009
agree with expert
21 September 2009
agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
