Expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2011
A company shows loss from last few years. now co has constructed building and plan for starting work. during year co has incurred interest exp on term loan and also incurred exp such as filing fees, audit fees, bank charges etc. my question is whether we show 1.interest during construction period as pr operative exp. or not. and also the other exp to be treated as loss
2. to treat all exp as pre operative
co is showing all exp as loss during last few years.
2. to treat all exp as pre operative
co is showing all exp as loss during last few years.
19 October 2011
DON'T TREAT ALL THESE EXP AS LOSS....CAPITALIZE INTEREST & OTHER PAYMENTS IF REALTED TO THE BUILDING IN BUILDING A/C.
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