pre operative expenses
This query is : Resolved
17 July 2010
A Pvt. Ltd. Co. incurred pre operative expenses of 300000(05 - 06) & this expenses are carry forward on balance sheet as loans & advances for (06 - 07)(07-08)(08- 09)can this is right treatment?
17 July 2010
Pre operative expenses are preliminary expenses (not prepaid expenses) & should not be shown under loans & advances.
They are are to be written off gradually after the business starts working.
They are are to be written off gradually after the business starts working.
Message likes :
1 times
17 July 2010
Agreed,
Pre operative expenses are preliminary expenses & should not be shown under loans & advances.
It will be written off in equal instalment of 5 year from the year of commencment of business acitivities.
Pre operative expenses are preliminary expenses & should not be shown under loans & advances.
It will be written off in equal instalment of 5 year from the year of commencment of business acitivities.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Regarding Applicability of Tax Audit u/s 44AB
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
