Pre-Operative Expense
This query is : Resolved
20 September 2010
Dear Experts,
Audit fees paid before starting the business and after incorporation of company, is it a pre-operative expense?
What will be treatment.
Audit fees paid before starting the business and after incorporation of company, is it a pre-operative expense?
What will be treatment.
21 September 2010
In my opinion is it a pre-operative expense should be hence be debited under priliminary expenses under Misc asset.
26 September 2010
Hi, as per AS 26, it should be expensed.
Regards, CA Shakuntala Chhangani
Regards, CA Shakuntala Chhangani
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