Preliminery expenses (assets)
This query is : Resolved
vijay kumar
(Querist)
17 October 2012
Dear Sir,
I want to know that what are the procedure for writting of preliminery expenses which is showing in our balance sheet.
Thanks
I want to know that what are the procedure for writting of preliminery expenses which is showing in our balance sheet.
Thanks
CA Satish Badve
(Expert)
17 October 2012
1/10th of the preliminary expenses will be w/off every year and debited to P/L A/C. These expenses will be w/off depending upon the period and the amount w/off will be the same every year.
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SANYAM ARORA
(Expert)
18 October 2012
Dear Satish,
I think it is 1/5 th.
Please correct me if i am wrong
I think it is 1/5 th.
Please correct me if i am wrong
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