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Preliminary expense

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Preliminary expense

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • November 17, 2021 at 3:55 pm #640912
    Jack.1999
    Member
    • Topics: 8
    • Replies: 4
    • ☆

    Hello Sir I am new here and I need your help.

    What is Preliminary expense and whether it is a non-current asset or a current asset?

    I appreciate your help… 🙂

    November 18, 2021 at 7:43 am #640935
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    Preliminary been initial or first.

    As to whether it is an asset at all (or an expense in the Statement of Profit or Loss) depends on what it was spent on.

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