Treatment of expenses
Querist : Anonymous
The scenario:
We have private limited company which has been incorporated in September 2016, but there is no sale of service or goods in the FY 2016-17, but it paid the rent for its register office and Audit fee provision for the year has been charged in P&L.
My Question:
whether those expense can be charged in P&L while there is no revenue generation in the year?
Querist : Anonymous
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