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What do you mean by Preliminary Expences
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Answer Posted / nilesh
Preliminary Expenses are those, which are spend before the
incorporation of company. mostly these expenses are paid by
promoters and they are allowed to transfer those expenses to
profit and loss account after the incorporation of
business.these expenses can be written off in 5 installment
| Is This Answer Correct ? | 17 Yes | 1 No |
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