Cost of license appears in
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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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