Pre-operative expenses
This query is : Resolved
20 August 2008
EXACT DEFINITION OF PRE-OPERATIVE EXPENSES
Disclosure in Balance Sheet/treatment
EXACT DEFINITION OF PRE-OPERATIVE EXPENSES
Disclosure in Balance Sheet/treatment
20 August 2008
pl do treat the matter as very urgent
21 August 2008
Revenue expenses incurred before the incorporation of company will be treated as preoperative or preliminery expenses
It should be shown in Assets side of balance sheet and the written amount shout be deducted 14 equal installment annually.
It should be shown in Assets side of balance sheet and the written amount shout be deducted 14 equal installment annually.
21 August 2008
What is the treatment for expenses incurred from the date of incorporation upto the date of Commercial
Billing or Invoicing
I think this sould be treated as Pre-Operative expenses.
Kinldy suggest me
Billing or Invoicing
I think this sould be treated as Pre-Operative expenses.
Kinldy suggest me
07 October 2008
Your assumption is correct. such expenses incurred during the period of installation of fixed assets should be capitalised on a suitable basis.
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