what is the meaning of preliminary expenses and how you
shown in balance sheet
Answer Posted / girindra kumar jha
it is the expense which ocurred at the time of commencement
of a business. it is shown in the assets side of balance
sheet for two reason,first to complete accounting equation
and 2nd to cover those expense in next different year.
| Is This Answer Correct ? | 5 Yes | 2 No |
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