Tretement of incorporation expense (preliminary exp)
This query is : Resolved
Mayur Mandli Prajapati
(Querist)
30 October 2017
This preliminary exp should be charged to p&l but if p&l is not available, only capital reserve is available than what will be treatment?
31 October 2017
Show it as the preliminary expenses (asset) and then amortize the expenses over a period of 5 years.
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