Question

Preliminary Expenses Are An Example Of______

Answer 1

Explanation:

Preliminary expenses are those expenses which are incurred before the incorporation and commencement of the business. These are treated as deferred revenue expenditure. Examples are company incorporation expenses, logo expenses etc.

Answer 2

Answer:

The expenses incurred when a company is formed and before the start of any business operations are termed as preliminary expenses, they are a good example of fictitious assets which are written off every year from the profits earned by the business

Explanation:

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