Treatment of preincorporation revenue exps
This query is : Resolved
11 July 2013
Company X Ltd (Private Co) purchased business from Y Ltd.(Only Name i.e Goodwill) and now establishing it like Construction of Factory, Office Etc.
Now my Question is while constructing Factory and other things Co incurred some revenue Expenses Say Vehicle Expenses, Electricity Expenses, General Expenses What treatment should be given to these expenses in Books of A/cs?
Can we called them as Premlimnary Expenses?
Now my Question is while constructing Factory and other things Co incurred some revenue Expenses Say Vehicle Expenses, Electricity Expenses, General Expenses What treatment should be given to these expenses in Books of A/cs?
Can we called them as Premlimnary Expenses?
11 July 2013
not clear, be specific sir.
13 July 2013
what treatment to be given to Expenses Incurred (revnue in nature) during period of establishment of business(Co has not started there Business i.e. no commercial activity started only Factory Office Building Construction work is goin on)
13 July 2013
In ur case needs to be capitalised.
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