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What do you mean by preliminary expenses & what are types
or Personal,real and nominal accounts (give some examples
of it)
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Answer Posted / pankaj modi
Those expenses which incurred to formation and flow of the
company.example advertising exp.,issuing shares,producing
prospectus etc which has not yet been written off are shown
in the balance sheet of a company because as per schedule
vi of the companies act.
these are expenses will be come under
nominal account.
| Is This Answer Correct ? | 33 Yes | 6 No |
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