Preoperative & preliminary expences

Dear Sir / Madam

Our Company is Incorporated in Jun 2010 and Product launch in July 2013 and Sales started in Sep 2013

Kindly advise me how to treat the expenses between Jun 2010 to Jun 2013 and July to Aug 2013

Either Preliminary or Pre-operative expenses

Thanks 

Mohamed 

 

Replies (2)

Exp prior to formation of company are preliminary Exp. and Exp. incurred after incorporation to till date of commencement of business business is pre operative exp.

 

CA Sanjay Singhal

what is the treatment for pre eliminary expenses and pre operative expenses

 

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