Treatment of pre incorporation exp
This query is : Resolved
18 February 2015
I am associate with new company. It sale tax and ROC registration are undergoing.Company already inclurred Rs 12 lakhs for formation and other expenses.There is no bank account during the period. all the expenses are made in cash .Kindly advise how to incorporate above said expense in new company.
Thanks
Thanks
18 February 2015
if its incurred in cash then account in cash only
Message likes :
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18 February 2015
it is preliminary expenses and must be written off in p n l account
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