What should be the Accounting Treatment of Pre operative Income.Can anyone say??
Menu
treatment of Properative Income
Replies (2)
Hi,
Preoperative expenses are disallowed. If expenses are of capital nature, carry them in the balance sheet as Capital work in progress and then when the projects starts operating transfer them to the respective accounts.
Hi NANDAN,
Its an interesting question, I would love to answer it but could you please support it with an example??
Recent Topics :
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
Related Topics :
CAclubindia
