I have a client which is a STARTUP. They have got funding from few people outside the organization. Can someone tell me how to treat it for Accounting? Is it to be treated like Capital only?
P.s. - Startup is registered as Pvt. Ltd. Company and have directors and co-founders. All directors and co-founders have also given small amount for startup.
Beginning expenses are classified as
Start up
preliminary
pre operative expenses
capex
opex
then these costs are just either capitalised or expensed in the statements based on their accounting standards.
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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