2,00,000 paid for preliminary expenses the expected benefit to be realized from these is over four years.
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₹2,00,000 paid for preliminary expenses the expected benefit to be realized from these is over four years.
How much is to be shown in the income statement and how much in the balance sheet of first year of expenses?
(a) ₹50,000 in income statement and ₹1,50,000 in the balance sheet.
(b) ₹2,00,000 in the income statement and nothing in the balance sheet.
(c) ₹1,50,000 in the income statement and nothing in the balance sheet.
(d) None of these.
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