Regarding pre-operative expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2011
Dear experts,
A company formed in December 2010 and started production in June 2011. My Query is that :
a) Can all expenses incurred upto 31st March 2011 including audit fees be transferred to prelimenery and Pre-operative Expenses?
b) Or Audit Fees to be shown as Expenses for the year 2010-2011?
Thanks in advance
A company formed in December 2010 and started production in June 2011. My Query is that :
a) Can all expenses incurred upto 31st March 2011 including audit fees be transferred to prelimenery and Pre-operative Expenses?
b) Or Audit Fees to be shown as Expenses for the year 2010-2011?
Thanks in advance
CA PARAS BAFNA
(Expert)
17 August 2011
As like other expenditure audit fee has also to be treated as pre-operative expense.
Further, Preliminary expenses are different than Pre-Operative Expenses.
Further, Preliminary expenses are different than Pre-Operative Expenses.
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