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tretement of incorporation expense (preliminary exp)

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(Querist)
30 October 2017 This preliminary exp should be charged to p&l but if p&l not available only capital reserve is available than what will be treatment?
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CA Ysil Karunai

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CA Ysil Karunai (Expert)
30 October 2017 Preliminary expenses should be charged to P&L fully as per AS-26. In case you have capital reserve, you can offset also.

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CA Ysil Karunai

Profile Image

CA Ysil Karunai (Expert)
30 October 2017 Preliminary expenses should be charged to P&L fully as per AS-26. In case you have capital reserve, you can offset also.

Why can't you follow me on twitter. Follow me on Twitter @CAysilkarunai for more interactions, knowledge sharings etc., Do it now!
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