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why do we take preliminary expenses into asset side?
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Answer Posted / gangadhar das
Preliminary Expenditure are those expense which occured
before the commencement of a company, that's y it shown
under Miscellaneous expenditure on the assets side of B/S.
Preliminary Exp:- expenses incurred to register a company,
and underwritting commission etc.
| Is This Answer Correct ? | 12 Yes | 13 No |
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