Preliminery expenses (assets)
This query is : Resolved
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
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.
Message likes :
1 times
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
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
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Non filing of I T Returns
- UDIN ISSUE
- Change Of Karta In Case of Death
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
