what is the difference between prepaid expenses and
preliminary expenses?
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Answer Posted / rabindra acharya
Prepaid Expenses are those expenses, we get can credit
benefit in the financial year.It is paid advance to sundry
creditor,in another way we booked expenses.
But Preliminary Expenses kown as primary expenses it is run
long year and gradully write off from current asssets. it
is not clear in one or two financial year.
| Is This Answer Correct ? | 7 Yes | 4 No |
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