Preoperative expenionses and preoperative income
This query is : Resolved
28 June 2013
Dear Sir,
One of the company has started distribution of power(electricity).it has certain amount of preoperative expenses and pre operative incomes.
If preoperative expenses are revenue in nature then what will be its treatment?
if preoperative expenses are capital in nature then what will be the effects on accounting treatment?
can preoperative income can be net off
against preoperative expenses?
One of the company has started distribution of power(electricity).it has certain amount of preoperative expenses and pre operative incomes.
If preoperative expenses are revenue in nature then what will be its treatment?
if preoperative expenses are capital in nature then what will be the effects on accounting treatment?
can preoperative income can be net off
against preoperative expenses?
28 June 2013
in what sense, they can be capital. in case of revenue, do set off with expenditure
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
