How to Account my expenses which is actually incurred before commencing Business.. Those Expenses actually not comes under PRELIMINARY EXPENSES and the same was expended by me for Starting my Company and which includes:
1. SALARIES
2. STATIONARIES
3. PETTY EXPENSES
4. RENT
5. ADVANCES
How can I account all those expenses in My Company? please help me.
and One More thing is that... At which date I can record all those Expenses? is it possible to Account the same on actual date or is it mandatory to Account after the commencement date?
Thanks in Advance.
You can seperate expenses under two heads
preliminary exp &
pre-incorpiation exp
But it requires just a month to incorporate a company
CAclubindia
