Question

what are unamortized expenses?

Answer 1

unamortised expenses are those expenses that are written off to the company's statement of profit/loss periodically . the benefit that is received from incurring such expenses is not enjoyed in a single year and therefore they are not charged completely in the year in which they are incurred . they are written off gradually over the period in which the benefit is expected to be derived from such expenses . for eg. share issue expenses, discount on issue of shares and debentures or preliminary expenses. preliminary expenses are a they of unamortised expenses.