14 April 2016
what is the treatment for revenue expenses when commercial production has not commenced ? Do we have to capitalise it under preoperative exepenses under current assets or to be charged in profit or loss account ?
15 April 2016
Every company is required to prepare P&L even if the production not started. Pre operative expenses if not directly related to construction of Fixed asset (Tangible / intangible) need to be charged off.
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