Financial Statements of Companies
where to disclose "Preliminary Expense" if given in 1) Trail balance 2) P&L account ?
In Profit and Loss Account :-Â Preliminary Expenditure written off during the year should be shown in notesÂ UnderÂ Â â??Other Expensesâ??. In Revised Balance Sheet :-Â In Revised Balance Sheet it should be shown asÂ â??Other Assetsâ??Â and its amount should be shown in non current Assets column.