Costs incurred in promoting and setting up a company are considered to be capital in nature and cannot be paid from the company's assets.

Name: Costs incurred in promoting and setting up a company are considered to be capital in nature and cannot be paid from the company's assets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Costs incurred in promoting and setting up a company are considered to be preliminary expenses and can be paid from the company's assets, subject to certain restrictions and conditions under the Companies Act.

Costs Incurred in Promoting and Setting Up a Company Are