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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
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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
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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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