Dear All,
Can anyone clearly explain the following:
1. An existing private ltd co expands its business. How wil it treat the expenses incurred by its new project?
2. How are the revenue exps treated and also provide the accounting entries?
3.How are the capital exps treated and also provide the accounting entries?
4. are the exps preliminary exps or pre-operating exps?
Pls explain
Thanks & Regards
capital expenditure are to be capitalised with cost of project and revenue expenditure will be charged to profit and loss account.
can anyone explain for all my 4 qns
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