Question
Preliminary expenses are the best example for
_________.Solution
Preliminary expenses are considered fictitious assets. Fictitious assets are costs incurred that do not have a physical existence but represent expenses incurred that need to be written off over a period. Preliminary expenses are incurred during the formation of a company.
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Which of the following statement is/are true?
I)Â P and U are sitting opposite to each other
II)Â R and W are immediate neighbours
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