Accountancy, asked by abhishekgupta481399, 1 month ago

Preliminary expenses are shown in the balance sheet under the head: A. Reserve & surplus B. Investments C. Loan and advances D. Miscellaneous expenditure​

Answers

Answered by jeetchourasia7
1

Answer:

Option (D) is the correct answer

miscellaneous expenditure

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Answered by rashishende70
0

Answer:

D.Miscellaneous expenditure

Explanation:

Normally preliminary expense are treated as intangible asset and shown on the asset side of the balance sheet under the head Miscellaneous asset. The preliminary expenses are amortized or written off in five years for the purpose of Income Tax in India.

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