What is the accounting treatment for stamp duty paid on increase in authorised capital and allotment of shares after completion of formation? Is it Preliminery expense or not?
2 Replies
Nidhi Jain
(CS )
(987 Points)
Replied 28 June 2011
no, it is not preliminary exp. Preliminary Exp related to that period when Co. was not in existence.
SkDash
(CS (Member) CWA (Final))
(909 Points)
Replied 28 June 2011
it will be pre-operative expenses
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