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Project Cost

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18 November 2010 Project cost before the incoorporation of the company borne by the director it is only the amount paid to some consultant to get ready the project report.

1.can we treat the it as preliminary expenses.
2.If not how the expenses need to be accounted.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
19 November 2010 yes it can be treated as preliminary exp
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