How do you enter company registration expenses? Is it an expense or asset..?

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When registering the company I record in charge and after that transfer all these charges in asset that must be amortized in 5 years according to the ifrs.

Registration Expenses are Preliminary expenses and should be writtenoff in 5 consective years.

Add company registration expenses to capital account, debit it in profit and loss account, post it in cash book and add it to trial balance and open an individual ledger company registration expenses account. It is an expense and can also become an asset later if goodwill is gain after company name registration.

These are the preliminery/ Incorporation Expenses and it will be treated as assets and wroteoff on yearly basis

Company Registration Treat as Opening Capital. Its an Incorporate Expense. and will depreciated.

Although some Account Specialists treated its as Asset.

 

Double Entry Bookkeeping Always Show- Asset Equal Liabilities + oweners Equity.

 

Basis on this law of Account its Treated as Incorporate Expense/Asset and oweners Equity/Capital.

 

Thank You.

It is recorded as a capital expense (an asset)