where to show Preliminary expenses except "Statement of
changes in working capital" in Fund flow statement?
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Answer / k.thirumamagal
preliminery expenses is fictitous asset which can be shown
under the head miscellaneous expenses in balance sheet
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Answer / Mohsin Iqbal
Preliminary expenses, such as advertising or legal costs related to the acquisition of a business, should be shown under 'Operating Activities' in the Cash Flow Statement (CFS), not in the 'Statement of Changes in Working Capital'.
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