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Preliminary expenses

Should we account for full amount of preliminary expense in year 1 or charge it over a period in p&l ?


Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

13K+

24-Feb-20 19:22

34

Answers (2)

After AS-26, preliminary expenses are charged to P&L in Year 1. There is no concept of treating it as an asset.


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Feb-20 21:19

Okay sir


Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

13K+

24-Feb-20 22:26