Preliminary expenses

CA Manish Chainani (Business) (111 Points)

13 July 2012  

hey friends 

 

i have an doubt about preliminary expenses

in a company expenses incurred for incorporation

now what to do.

1) wheather to writte off as per AS-26 they are not quailifying defination of asset

2) treate them as asset.  if yes where to show them in revised schdule vi

 

thanks in advance