Capitalisation of Pre-operating expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2010
A 5 star hotel is in under construction, and several kind of expenditure(Capital & Revenue expenes) is being incurred from the last two years.
Plz tell me the Accounting treatments for Revenue expenditure Like Uniform,Dustbin,Towels if it is charged in P&l or to be shown in Pre-operating expenses.
Plz Help.......
Plz tell me the Accounting treatments for Revenue expenditure Like Uniform,Dustbin,Towels if it is charged in P&l or to be shown in Pre-operating expenses.
Plz Help.......
CA Amit Joshi
(Expert)
17 September 2010
Exp. on Uniform,Dustbin,Towels are for better running of Hotel, So it should be charged in P&l, and it's not Pre-operating expenses.
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