AS 26 and Preliminary Expenses

6104 views 1 replies

Dear friends,

what is the treatment of preliminary expenses as per AS 26. Should it be written off inthe year of incurring itself or be deferred over a period of years?

Replies (1)
As per AS- 26 "Intangible Assets", Intangible assets should be recognised when there is assets' characteristics and there is probable future economic benefits from the asset. As per the Standard, the preliminary expenditure should be written off in the year of incurring as it does not have assets' characteristics. Assets characteristic means, Identifiablity, Resource controlled by an enterprise & future economic benefits.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details