07 September 2010
what should be the treatment of expenditure incurred between date of incorporation and date of commencement of business? whether it should be accounted under deferred revenue expenditure or charged of in the same year in which the expenditure is incurred?
07 September 2010
It should be treated as deferred revenue expenditure and charged off subsequently over a time period deemed appropriate by the business owners.Also refer to,https://www.caclubindia.com/experts/deferred-revenue-expenditure-write-off-387575.asp
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