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Preliminary expense

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2018 Dear Sir,

I have a company at kerala .Now I am planning to set up a branch at kerala itself. And i'am incurring Rent,Salary Etc..at the place where i need to set up my new branch.Can I treat the same as revenue Expense at my head Office.Is there any violation of any statutory Laws/ Accounting Standards in it...

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 January 2018 Yes you can treat the same as revenue expenditure at your head office. No violation of Accounting standard/statutory laws.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2018 Dear Sir ,

Thanking You for your reply
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