Preliminary expenses is an example of

Related MCQs

• From the following details calculate the net profit for the year ending 31.03.2013 Opening Stock ` 1,50,000; Purchase ` 2,50,000; Manufacturing Expenses ` 80,000; Selling Expenses ` 20,000; Administration Expenses ` 10,000; Financial Charges ` 5,000; Slaes ` 5,55,000 which includes damaged goods sold for ` 5,000 against the cost price of ` 12,000. Gross profit margin on normal sales is 20% on the sales
• Preliminary expenses not written off are shown in the balance sheet under the head…
• In the funds flow statement, item of preliminary expenses written off during the year is:
• Expenses of the following nature are treated as a Revenue expenses except —
• Preliminary expense Is an example of
• ` 5,500 incurred on sundry expenses inadvertently recorded in the books of account as ` 550. This is an example of —
• Buy Back must expenses may be treated as_________________
• From which account, expenses on issue of shares will be written off first of all:
• Cost of goods sold plus selling expenses equals
• Prepaid expenses are ______ account