Accounting treatement of preliminary exp.

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Helo Friends,

I have two queries,

(1) Can A company written off its Preliminary Expenditure in the Financial year, in which the company has already suffering from loss, before written off the Preliminary Expenses ?

 

(2) Is it madatory to write off amount appearing under head " Miscellaneouse Expenditure " (not related with preliminary Expense) , when company is suffering from loss in the financial year?

 

thanks.

Replies (1)

Dear praveer

please refer the following link :

/forum/preliminary-expenses-9920.asp#.UH2nj8XMjD4


CCI Pro

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