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what is the meaning of preliminary expenses and how you
shown in balance sheet
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Answer Posted / rahul brahmankar
preliminary expenses is come under ficticious assets.Its
entry comes under assets side only & transfered to p&l a/c
which is writen off frm the profit of the
business.preliminary expenses are those expenses which
incuured before commencement of bussiness.
| Is This Answer Correct ? | 21 Yes | 8 No |
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