25 August 2009
Dear Friends, We have Opened a new Company in F Y 08-09. Up to 31.03.09 the Construction the Plant is going on. Yet any revenue not started. The production also not started. We have incurred the following type of expenditures. Now should we capitalise these expenditures? In which Asset head we have to keep these?
INTEREST & FINANCE CHGS-OTHERS INTEREST ON FIXED PERIOD LOANS INTEREST INCOME ON FDR COMMUNICATION EXPENSES FREIGHT AND OCTROI OUTWARD INSURANCE LEGAL & PROFESSIONAL CONSULTANCY MISCELLANEOUS EXPENSES PAYMENT TO AUDITORS STATIONERY, PRINTING & PHOTOCOPY EXP. TRAVELLING & CONVEYANCE EXPENSES STAFF WELFARE