Question

Prelimnary expenses written off are debited to ______ period
    

 Post incorporation
    

 Pre-incorporation
    

 Commencement
    

 None

​

Answer 1

Answer:

i can't understand it please send properly

Answer 2

Prelimnary expenses written off are debited to ______ period

Post incorporation

Pre-incorporation

Commencement

None

The Correct answer is :

Pre-incorporation

Explanation :

Second option is the correct answer.

Prelimnary expenses written off are debited to __Pre-incorporation_ period

Preliminary Expenses means those expenses which are incurred during or before the process of incorporation and commencement of any business. These expenses are part of the initial phase of the process of building any business. These expenses are known as deferred revenue.

For example, expenses incurred in the process of company incorporation, company logo design, company registration, etc.

Such expenditure is debited to the  pre-incorporation account.

#SPJ3

——————————————————————————————————————

Know something more :

https://brainly.in/question/34597416

Economic value added, or residual income is a measurement mainly used to evaluate​

a. revenue centers.

b. cost centers.

c. profit centers.

d. investment centers.

https://brainly.in/question/18008289

Which of the following is not a business activity?

(a) Production of goods (b) Work in a factory for wagas

(c) Exchange of goods (d) Transportation​