A client of mine a .com company was incorporated during the start of 2013. Till date the company has not started revenue generation. The company is still in the process of developing their website by feeding data and marketing for customers. Kindly help me out with the accounting treatment of expenses incurred like rent, salary etc., till date.
07 August 2014
Being a .com company the expenses on developing their website can be capitalized and depreciated. Other expenses has to be charged to revenue.
CAclubindia
