Preliminary & preoperative

Bank Processing Fee for Term Loan, MSEB Connection , Sales Tax Reg., Stamp Charges for Land Purchase. Which Exps are prelimnary & preoperative 


 

Replies (1)

Bank Processing Fee for Term Loan -> Defeered Revenue Expenditure to be written off over a period of Term Loan

 

MSEB Connection ,One time expense write off as revenue item

Sales Tax Reg.,  One time expense write off as revenue item (Deposit if any to be shown under deposit)

Stamp Charges for Land Purchase: Capitalise to Land Cost

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