A) Fixed asstes
B) Current assets
C) Intangible assets
D) Miscellaneous expenditure
✅ ANSWER: D
Preliminary expenses are treated as Miscellaneous expenditure. Preliminary expenses are those that are incurred before incorporation of a company or commencement of business.
Preliminary expenses are treated as Miscellaneous expenditure. Preliminary expenses are those that are incurred before incorporation of a company or commencement of business.