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Preliminary expenses are treated as ‘short-term borrowings’ in the balance sheet of a company.
  • a)
    True
  • b)
    False
  • c)
    Partially true
  • d)
    Can't say
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Preliminary expenses are treated as ‘short-term borrowings&rsquo...
They are written-off in the year they are incurred.
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Preliminary expenses are treated as ‘short-term borrowings’ in the balance sheet of a company.a)Trueb)Falsec)Partially trued)Cant sayCorrect answer is option 'B'. Can you explain this answer?
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