treatment of expenses
This query is : Resolved
20 August 2008
Sir, I have two questions.
1.A Private ltd co. regd on 30-8-2005 have no business transaction till now.but there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and a return of loss to be filed.
2 A Public ltd co. regd on 30-8-2005. The Building and Plant & Mach. is under construction and there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and consequently a return of loss to be filed.
1.A Private ltd co. regd on 30-8-2005 have no business transaction till now.but there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and a return of loss to be filed.
2 A Public ltd co. regd on 30-8-2005. The Building and Plant & Mach. is under construction and there are some exps like audit and legal fee, bank charges. I want to know that these exps are to be capitalised under the head pre-oeprative exps or these are to be treated as revenue exps and consequently a return of loss to be filed.
20 August 2008
in both the questions it has to be treated as pre operative Expenses
20 August 2008
Yes. Pre Operative Expenses.
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