Capitalisation of expenses
Jaimin (M Com, CA) (413 Points)
04 December 2013Jaimin (M Com, CA) (413 Points)
04 December 2013
PRITI TRIPATHI
(Inter C.A. Pursuing C.A. Final)
(44 Points)
Replied 04 December 2013
Expenses prior to incorporation can be capitalised not before commencement of project.The expenses you have mentioned are revenue in nature as they have been incurred after incorporation.