Question

The expenses incurred on the formation of the company are called​

Answer 1

Answer:

Preliminary expenses

This is your required answer.

Answer 2

Introduction:

Preliminary expenditures are expenses incurred by the promoters of a firm during the incorporation process.

Explanation:

Preliminary costs are often disallowable because they are capital in the character or incurred prior to the establishment of a business. These include legal or professional fees, logo design costs, printing, registration fees, stamp duty, and so on.