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what is the meaning of preliminary expenses and how you
shown in balance sheet
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Answer Posted / bharat
Preliminary Expenses are to be written off out Securities
Premium Account or it may be written off out of the Profit
& Loss A/c gradually over some period. The balance left of
preliminary expenses is to be shown in the asset side of
the balance sheet of the company under the heading
of ‘Miscellaneous Expenditure’.
| Is This Answer Correct ? | 17 Yes | 11 No |
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