preliminary expenses
This query is : Resolved
sivaranjani
(Querist)
07 October 2010
dear frnds
can a company claim preliminary expenses nd preoperative expenses even if the company incur loss...or it shld be written off oly against profit.
thanks in advance
can a company claim preliminary expenses nd preoperative expenses even if the company incur loss...or it shld be written off oly against profit.
thanks in advance
CMA Ramesh Krishnan
(Expert)
07 October 2010
Even the company making loss, the portion of preliminary expenses need to be debited in to p&l a/c and total loss need to carry forward
sivaranjani
(Querist)
11 October 2010
thanks
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