English, asked by yogeshjoildobest, 6 months ago

preliminary expenses written off should be charged to

Answers

Answered by manshi007963

As stated above the preliminary expenses can be written off in five years, to record that following entry should be passed : Debit the Preliminary expenses written off the credit the preliminary expenses A/c with the amount which is equal to 1/5th of the total preliminary expense booked as per point no 1.

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