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Exp. treated as fixed assets or preliminary exp.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 June 2010 I pay Rs. 115000 to Noida Power Corp. Ltd. for new electricity connection that are not refundable. How will i entry this in my books. will this treated as preliminary exp. or fixed assets.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
04 June 2010 preliminary exp

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