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Preoperative expenionses and preoperative income

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(Querist)
28 June 2013 Dear Sir,

One of the company has started distribution of power(electricity).it has certain amount of preoperative expenses and pre operative incomes.

If preoperative expenses are revenue in nature then what will be its treatment?

if preoperative expenses are capital in nature then what will be the effects on accounting treatment?

can preoperative income can be net off
against preoperative expenses?
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Anil Sankar V

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Anil Sankar V (Expert)
28 June 2013 in what sense, they can be capital. in case of revenue, do set off with expenditure

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