Question

Question No. 22
• Preliminary Expenses Written off Rs.20000, Amount show to -----side of p/L A/C
Answer​

Answer 1

Answer:

sorry I don't no

because i am in 10 std

Explanation:

i hope what I am saying

Answer 2

Answer:

Debit side

Explanation:

Preliminary expenses are expenses which are incurred by the promoters of the company, before the incorporation of the company.These expenses are to be debited to profit or loss account.

Journal entry:- Profit or loss A/c. Dr ₹20000

                                  To Preliminary Expenses A/c. ₹20000

Hence, preliminary expenses written off should be shown in debit side of profit or loss account.