Amortization of preliminary expenses is :

CS Executive · Cost and Management Accounting · PYQS · December 2019
Amortization of preliminary expenses is :
(A) A source of funds
(B) An application of funds
(C) A reduction in funds from operations
(D) Neither a source nor an application of funds

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Funds Flow Statement

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic