pre operating exp.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2010 What is the accounting entry for Pre operating expenses.




10 September 2010 Dr: Pre operative expenses
Cr: Cash/bank/Vendor

Pre opeartive expenses need to create under Misc. expenses assets

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 September 2010 Thanks, but i have question if it routed through profit & loss account.

we are showing it as revenue expenses for no. of years can we captilise it in this year.

10 September 2010 As per as accounting concern donot change the present policy,if you change the suitable notes need to be disclosed for that

But As per Income tax the same can be considered as deffered and write off over the period of 3 to 5 years


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