Accountancy, asked by arbazbaddi8724, 10 months ago

Cost of license appears in

Answers

Answered by Fatimakincsem
0

The cost of the license is shown in the income and Expenditure Account.

What is the cost of a license?

  • It is an official permit to own or use something such as a vehicle, a weapon, or a profession.
  • A license is owned by professionals such as dentists, pilots, nurses, lawyers, and psychologists.
  • This piece of the document provides legal permission to start or continue practice in a particular field.

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