An item that would be classified as preliminary expenses ...
An item that would be classified as preliminary expenses in a company's account is
Formation expenses
Administrative expenses
Distribution expenses
General expenses
Correct answer is A
Preliminary expenses are expenses expended in the formation of a company. They are referred to as formation expenses and it is a part of the fictitious assets of a company.
Which of the following is a normal account? ...
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,40...
Expenses incurred but not yet paid is ...
Subscription in advance is treated in the balance sheet of a club as ...
Given: Club N150 Cash sales N4,850 Club debtors at close N900 Cash received from debtors N550 ...
The cost that are directly traceable to the the goods being produced is? ...
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- #120 Produ...