can anyone tell me treatment of preliminary expences as per accounting standards generally accepted in india
Menu
Treatment of Preliminary Expences
Replies (2)
Ideally to be written off in the year of incurrence
Preliminary Expenses is an Intangible asset has to be written off in 5yrs equally. The amount written off during the year has to be taken to P&L A/c and the amount to be written off has to be shown in Balance sheet.
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
