Practicing Success
Practicing Success
CUET Preparation Today
| From where preliminary expenses are to be written off first while preparing financial statements by the company? |
Surplus Reserves Securities Premium None of these |
| Securities Premium |
| Preliminary expenses are to be written-off completely in the year in which such expenses are incurred. They should be written-off first from securities premium and the balance if any, from statement of profit & loss. |
