Pre operative expenses
This query is : Resolved
05 January 2013
what is the treatment of preoperative expenses like rent, salary, consultancy charges, electricity etc...before the date on which actual business is commenced i.e when actual sales starts... should we capitalised it or treat it as deferred revenue expenditure????? as per latest notification given by ICAI & which AS is applicable on the above question???
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06 January 2013
As per AS-26, such exp. should be charged to p&l.
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