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What is treatment of preliminary expenses in balance sheet?
Most Upvoted Answer
What is treatment of preliminary expenses in balance sheet?
My point of view is different as it is already written of and there is no transfer of preliminary expenses in the balance sheet
Community Answer
What is treatment of preliminary expenses in balance sheet?
Preliminary exp are those expenses that are incurred before the incorporation of the company or a business.
Example: promoters fees, company logo designing cost, etc.

Since preliminary assets provide long term benefits, they are shown in the balance sheet under "Current assets"
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What is treatment of preliminary expenses in balance sheet?
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