Treatment of pre operative expenses.
This query is : Resolved
27 September 2011
dear members,
what is the acoounting treatment for preoperative expenses in the case of amalgamation in the books of amalgamated company which is already existed in the amalgamating company.can that expenses be carry forward by that new company & to be write off wholly in it's books or not?
what is the acoounting treatment for preoperative expenses in the case of amalgamation in the books of amalgamated company which is already existed in the amalgamating company.can that expenses be carry forward by that new company & to be write off wholly in it's books or not?
28 September 2011
Pre-operative expenses are to be written off in the books of previous company itself
28 September 2011
Both the methods of amalgation doesn't speak about carrying forward of such expenditure
28 September 2011
The pre-operative expenditure must be transferred to Share Capital A/c
28 January 2012
No it is to be treated as deferred revenue expenses and to be written off in 5 equal installments
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Merchant Export Accounting
- Agriculture income or business income
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
