Pre incorporation expenses & pre operative expenses
This query is : Resolved
ARPIT AGARWAL
(Querist)
02 January 2013
a cement packaging company incorporated in july 2012, it has incurred formation expenses of Rs. 50000, after incorporation company has not started its business operations till mar,31,2013 sice construction of building & plants was going on...company has incurred office expenses during JULY-12 to MAR.13 amounting to Rs.100000(on salary of employees & other office expenses)& capital expenditure Rs. 5000000 on construction of plant & building etc.
what will be accounting treatment of RS. 50000,RS.1000000, & RS.5000000 in fin. statements for 2012-13
please explain
what will be accounting treatment of RS. 50000,RS.1000000, & RS.5000000 in fin. statements for 2012-13
please explain
Amol S Joglekar
(Expert)
02 January 2013
50,000 Miscellaneous Expenses(Pre incorporation)
10,00,000 Pre operative expenses.
50,00,000 Capital work in progress.
10,00,000 Pre operative expenses.
50,00,000 Capital work in progress.
ARPIT AGARWAL
(Querist)
02 January 2013
under which head these items will appear in balance sheet as on 31.3.2013?
sir plz explain the difference between pre incorporation & pre operative expenses..
sir plz explain the difference between pre incorporation & pre operative expenses..
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