what is the difference between prepaid expenses and
preliminary expenses?
Answer Posted / manjugowda
prepaid expenses refers to payment of money in advance
before getting the benefit of it but preliminary expenses
refers to the expense which incurred by the company at the
time of incorporation and the utility of this expense
carries over a period of time and thats why it is not
completly written off in the bigging itself.
Is This Answer Correct ? | 32 Yes | 1 No |
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