Bank charges, depreciation , labour expenses , other expenses before start of commercial production but at the the year end is to be capitalized or charged off in Statement of Profit Loss .
Company falls under Ind AS compliance. Any seperate treatment under this compliance...
As per Ind AS preliminary expenses which are incurred during the year prior to incorporation are amortised 1/5 amount in P&L A/c.
Remaining amount will be amortised in next 4 year
CAclubindia
