Preopening expenses

This query is : Resolved 

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

08 July 2013 To be capitalized as a pre-operative expenses.

08 July 2013 YES IT SHOULD BE CAPITALISED.

08 July 2013 Sir,

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

Thank you

08 July 2013 All direct exp should be capitalised.


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