Hie,
There is a film production house who has started its work from Nov 2016 like research and such like and no income was generated .
From Nov 2016 Till Jan 2019 Only expneses like prodoction and cencership has and will be incurred .On Feb They are goin to sell the movie on Web Platform lik amazon prime, Netflix .
My question is where to show such exp as from Nov 2016 to Jan 2019 . Exp has been incurred and no income is generated so i guess cant be shown in Profit & Loss Account (No matching concept)
Please Guide for such accounting treatment.
CAclubindia
