19 September 2009
Hi All My query is abount accounting of preliminery expenses of Pvt. Ltd. Co. Authorised, Issued & Sub Capital Rs. 1 Lakh No Investment in Fixed Assets Preliminery Expenses incurred Rs 16236 My Questions are: 1. 2.5% (max) of Prelm will be amortised ? 2. 1/10 will be allowed each year ? 3. if yes, what accounting treatment should be given for remaining exp
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