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Commerce · Q967

Accounting

Graduate and Post Graduate · Commerce · question 967

Q967

Preliminary expenses of a company should be shown in the final accounts on

A.
Assets side of Balance Sheet
Answer
B.
Liabilities side of Balance Sheet
C.
Debit side of Trading A/c
D.
Credit side of Profit & Loss A/c

Answer: Option A

Solution

Answer: Option A
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