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what is the meaning of preliminary expenses and how you
shown in balance sheet
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Answer Posted / shankar sharma
expensed made before the comencement of business and non
recoverable expenses are called preliminary espenses.these
expenses are shown on asset side of balance every year
untill it is completely reduced.it can not be shown in p&l
because it is not a regular expense of corporate or any
company
| Is This Answer Correct ? | 22 Yes | 13 No |
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