A company was incorporated in July 2010 and all incorporation expenses are shown as preliminary expenses and till 31st march 2011 the company could not start its business. Can all expenses like bank charges, Audit fees and conveyance etc. can be transferred to pre-operative expenses. I do not want to show these expenses in profit and loss account and want to transfer these expenses into preoperative expenses. can I do this. As there will be no loss in the profit and loss account.
CAclubindia
