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
1
Answer:
Option (D) is the correct answer
miscellaneous expenditure
hope it is helpful to you
mark as brainliest ...
Answered by
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.
Similar questions