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?
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)
CAclubindia
