If a company spent Rs: 80,000 as preliminary expenses on 31st March, 2 – McqOptions

MCQOPTIONS

1.	If a company spent Rs: 80,000 as preliminary expenses on 31st March, 2018, the allowable deduction is:
A.	Rs: 8,000
B.	Rs: 16,000
C.	Rs: 20,000
D.	Rs: 40,000
Answer» C. Rs: 20,000

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