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Trail run income

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(Querist)
30 May 2014 HOw the Trail Run Expenditure will treated in the Accounting and please refer the Standard also.?

As per AS 10 - It mentions only about the expenditure and didt tell about the income treatment.. as per my view
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Vishnu Saboo

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Vishnu Saboo (Expert)
30 May 2014 in my opinion income must be reduced from capitalization, since you are not showing expenses, income also must not shown.
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B MAHESWARA REDDY

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B MAHESWARA REDDY (Querist)
30 May 2014 YES I AGREE...WHERE IT IS GIVEN. AS 10 DISCUSS ABOUT THE EXPENSES ONLY NA
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B MAHESWARA REDDY

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B MAHESWARA REDDY (Querist)
30 May 2014 YES I AGREE...WHERE IT IS GIVEN. AS 10 DISCUSS ABOUT THE EXPENSES ONLY NA
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Vishnu Saboo

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Vishnu Saboo (Expert)
31 May 2014 http://www.icai.org/resource_file/20452dtc21.pdf

see above link , page no 7 para 2.12.

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