Exp incurred for Start of New Profit Centre be a prelimanry?

This query is : Resolved 

02 January 2009 Dear sir

I have a client Flemino Dutyfree which have incorporated at 8 years back.
it is open a Duty free shop(on of Profit Centre) at Airport and start buisness from 1/6/2008 but it has incurred some expenses before starting tha buisness at airport so what is the accounting treatment of these expenses plz note it Company already incorporate before

12 April 2012 If they are attributable to such Duty free shop, capitalise to the cost of the asset, else charge off to P&L Account.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries