Pre-operative Expenses
This query is : Resolved
13 November 2009
Can expenses be debited to pre-operative expenses in an ongoing concern for expenses incurred for new ventures or projects (the new venture or project has not yet been started).
CA. B.SRINIVASULU
(Expert)
13 November 2009
Yes you can debit to pre-operative expenses provided you are going to capitalise after the production for commercial sale starts.
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