what is the meaning of preliminary expenses and how you
shown in balance sheet
Answer Posted / kumar sujeet
It is the expenses which is paid at the time of company
formation.
and the treatment will be :-it shown as a miscellaneous
expenses in the asset side. As per rule and condition it
will be adjusted or write off in some years. shown in the
profit and loss account expenses side.by this it will be
automatically closed in some years ...
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