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What is the treatment for PRELIMINARY EXPENSES?

Answer Posted / venu

This is the expenses,which incurred for Formation and flow
of the comany..The expenses can include the Cost of
producing Procpectus,issuing shares and advertising
expenses..

Note:-What ever i gave example that is belong to shares,
These can be belong to assets also....

Is This Answer Correct ?    114 Yes 30 No



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