Preliminary expenses:
Preliminary expenses are the initial expenses which incurred in connection with the formation of a public limited company
company corporation and for obtaining share capital,i-e legal fees,cost of preparation of various documents,cost of
printing,remuneration of promotes,cost of publications and other legal formalities.it is also known as"Organization cost" initially it is recorded as asset but amortized i several years.
Preliminary expenses are the initial expenses which incurred in connection with the formation of a public limited company
company corporation and for obtaining share capital,i-e legal fees,cost of preparation of various documents,cost of
printing,remuneration of promotes,cost of publications and other legal formalities.it is also known as"Organization cost" initially it is recorded as asset but amortized i several years.
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