Preliminary Expense – Accounting Superpowers

Preliminary Expense

Preliminary Expense

Most companies incur expenses prior to being fully formed and before they start their official business operations.  These Expenses are termed as preliminary expenses.

Examples of Preliminary Expenses are: 

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    Expense in connection with a marketing survey or feasibility study.
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    Legal charges paid before incorporation.
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    Professional and consulting charges paid for the incorporation of company.
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    Company Marketing Costs such as Logo Design and Brand.