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what is the meaning of preliminary expenses and how you
shown in balance sheet
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Answer Posted / crystal
Annual accounts of a limited company are filed with the
registrar of companies and may be inspected by the public.
There "published accounts" must comply with certain
requirements, some of which are statutory and some of which
are non-statutory.
Thus, Preliminary expenses are revenue for the business and
is recorded in the liabilites of the balance sheet.
| Is This Answer Correct ? | 28 Yes | 147 No |
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