how should be pre-operative exp. be treated in accounts
This query is : Resolved
19 June 2010
the pre-operative exp. incurred before the starting of commercial production be treated in boooks of accounts, whether it should be revenue or cpitalised.
what should be treatment of pre-operative exp. in accounts after the starting of the production activity. whether it should be amortised or be capitalised in proportionate value of fixed assets
what should be treatment of pre-operative exp. in accounts after the starting of the production activity. whether it should be amortised or be capitalised in proportionate value of fixed assets
CMA Ramesh Krishnan
(Expert)
19 June 2010
Pre operative expenses can be deffered and amortise over the period of time
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hshivakumar
(Expert)
19 June 2010
you can capitalize to fixed assets in proportionate value of fixed assets or it can written off over period under pre-operative exp
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