Pre incorporation expenses & pre operative expenses

This query is : Resolved

ARPIT AGARWAL (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

02 January 2013 50,000 Miscellaneous Expenses(Pre incorporation)
10,00,000 Pre operative expenses.
50,00,000 Capital work in progress.

ARPIT AGARWAL

ARPIT AGARWAL (Querist)
Follow

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..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

Vishnu Agarwal

SHUBHANGI GOEL

Shivchandra Jakhotia

CA Lalit Kumar Agrawal

Subscribe Now

Pre incorporation expenses & pre operative expenses

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA