24 May 2012
As I have opined Preliminary expenses will not be shown separately in Balance Sheet, rather these expenses (to the extent of writing off in just next 12 months from the balance sheet date) will be shown in the sub-head of other current assets under the head Current Assets, and remaining balance of the expenses will be classified as other non-current assets under the head Non-current Assets on Assets Side of Balance Sheet....
CAclubindia
