Question

Preliminary expenses are shown in the Balance Sheet under the head :
(a) Non-current assets
(b) Current assets
(c) Non-current liabilities
(d) Deducted from securities premium reserve​

Answer 1

Answer:

non-current liabilities

Answer 2

Answer:

Option c) is the correct option.

Explanation:

Noncurrent liabilities include debentures, long-term loans, bonds payable, deferred tax liabilities, long-term lease obligations, and pension benefit obligations. The portion of a bond liability that will not be paid within the upcoming year is classified as a noncurrent liability.

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