Preliminary expense

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 January 2018 Dear Sir,

I have a company at kerala .Now I am planning to set up a branch at kerala itself. And i'am incurring Rent,Salary Etc..at the place where i need to set up my new branch.Can I treat the same as revenue Expense at my head Office.Is there any violation of any statutory Laws/ Accounting Standards in it...

Please Reply

17 January 2018 Yes you can treat the same as revenue expenditure at your head office. No violation of Accounting standard/statutory laws.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 January 2018 Dear Sir ,

Thanking You for your reply



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query