Question

Preliminary expense is taken in pre or post incorporation

Answer 1

Answer:

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Explanation:

c) Sales Ratio must be found out between Pre-incorporation and Post-incorporation period and usually selling expenses or variable expenses are allocated on the basis of Sales Ratio, viz. ... Directors' Fees, Debenture Interest, Preliminary Expenses, Provision for Taxation, Proposed Dividend, etc.

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Answer 2

Answer:

Aɴsᴡᴇʀ :

• Sales Ratio must be found out between Pre-incorporation and Post-incorporation period and usually selling expenses or variable expenses are allocated on the basis of Sales Ratio, viz. ... Directors' Fees, Debenture Interest, Preliminary Expenses, Provision for Taxation, Proposed Dividend, etc.