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where does preliminary expenses put in the balance sheet?
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Answer Posted / dhruba sanjel
Preliminary Expenses are the expenses incurred during the
establishment of a firm/Company. These expenses have to be
written off during a defined period of time
proportationately- say 5 years or so. This goes to the
asset side of balance sheet.
| Is This Answer Correct ? | 34 Yes | 7 No |
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