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Preopening expenses

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(Querist)
08 July 2013 Preopening Expenses such as food cost, training cost etc of subsequent chain of restaurants to be capitalised or fully expensed out.

is there any notification regarding expense out preopening expenses of subsequent restaurents.?

Thank You

Sohil
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Hemant Kumar

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Hemant Kumar (Expert)
08 July 2013 To be capitalized as a pre-operative expenses.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2013 YES IT SHOULD BE CAPITALISED.
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Sohil

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Sohil (Querist)
08 July 2013 Sir,

Food cost means purchases, the same to be capitalised as preoperative expenses.??

Thank you
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2013 All direct exp should be capitalised.
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