Treatment of preliminary expenses
This query is : Resolved
ankita jain
(Querist)
07 August 2012
sir, how will we treat preliminary expenses in balance sheet as per revised schedule Vi if its coming from previous year. And how would we written off?
07 August 2012
Companies can disclose the unamortized portion of preliminary expenses as “Unamortized expenses”, under the head “other current / non-current assets”, depending on whether the amount will be amortized in the next twelve months or thereafter.
CA CS Amit S. Kedia
(Expert)
07 August 2012
"other current/non current assets"
depending on the criteria in which it fits.
depending on the criteria in which it fits.
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