Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

In which statement priliminary expences record?

user-image
Question added by jevan raju
Date Posted: 2016/11/30
raunak jha
by raunak jha , Area Sales Manager , Mylan laboratory

These are incurred for the incorporation of a company. They may be paid by the promoters before the company is incorporated or by the company after it is incorporated. And they include the following: a) professional charges paid for drafting of memorandum of association and articles of association; b) professional charges for consultation in incorporating the company; c) cost of printing of the initial copies of MoA and AoA; d) stamp duty for the documents; e) registration fee paid to the Registrar of Companies (RoC) for incorporation; f) bank charges incurred on the above; and g) incidental expenses such as stationary, conveyance, and so on.

More Questions Like This