What should be the Accounting Treatment of Pre operative Income.Can anyone say??
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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??
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