Sahil Arora (1 Points)
18 March 2021I have a client which is a STARTUP. They have got funding from few people outside the organization. Can someone tell me how to treat it for Accounting? Is it to be treated like Capital only?
P.s. - Startup is registered as Pvt. Ltd. Company and have directors and co-founders. All directors and co-founders have also given small amount for startup.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 18 March 2021
Beginning expenses are classified as
Start up
preliminary
pre operative expenses
capex
opex
then these costs are just either capitalised or expensed in the statements based on their accounting standards.
CAclubindia
