Exp incurred for Start of New Profit Centre be a prelimanry?
This query is : Resolved
02 January 2009
Dear sir
I have a client Flemino Dutyfree which have incorporated at 8 years back.
it is open a Duty free shop(on of Profit Centre) at Airport and start buisness from 1/6/2008 but it has incurred some expenses before starting tha buisness at airport so what is the accounting treatment of these expenses plz note it Company already incorporate before
I have a client Flemino Dutyfree which have incorporated at 8 years back.
it is open a Duty free shop(on of Profit Centre) at Airport and start buisness from 1/6/2008 but it has incurred some expenses before starting tha buisness at airport so what is the accounting treatment of these expenses plz note it Company already incorporate before
12 April 2012
If they are attributable to such Duty free shop, capitalise to the cost of the asset, else charge off to P&L Account.
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