06 February 2016
During the incorporation or commencement of business of a company, the promoters may incur expenses such as registration fee etc., In simple terms, preliminary expenses are in nature of amount spent by the promoters before incorporation of a company. The below are a few examples: Expenses paid to an advocate / a CA for drafting MOA /AOA; Expenses for printing of MOA/AOA; Expenses paid for incorporation of a company including name approval; Stamp duties on execution of MOA and AOA; etc.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
06 February 2016
thanx for your valuable reply plz let me know when do we Need to record the accounting entry of preliminary exp.