Profit & Loss account during Construction Period mandatory?

CA Kishore Tallam , Last updated: 28 May 2010 Share Follow on Google News

Many times, we see that many companies which are in startup stage i.e. during construction period and before it is ready for commencing commercial operations do not prepare Profit and Loss Account for the year / period and the total expenditure incurred during such year / period is kept under the

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About the Author

CA Kishore Tallam

Sr Manager - Corporate Account

Kishore Tallam..... Ya.. Its me.. Of course, friends can call me KISHORE Ibecamea Charteredin 2009. I did my Articles in Price Waterhouse and I have one year Post Qualification experience in PwC and currently, I am associated with NSL Group as a Manager in Risk and Compliance Team. Also, I completed ... Read more

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