Accounting · Basic Accounting Terms

Expenses incurred to start a business, such as preliminary expenses, are classified as a:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1fictitious asset✓
2fixed asset
3current asset
4liability

Correct answer

fictitious asset

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Expenses incurred to start a business, such as preliminary expenses, are classified as a:

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Expenses incurred to start a business, such as preliminary expenses, are classified as a:

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