capitalisation of trial run expenses net of revenue generated covered under which accounting standard
3 Replies
CA.Pravinchandra
(Executive (F&A))
(2387 Points)
Replied 02 March 2011
In AS 10..
As per Para 20 of AS 10 All expenses incurred in preparing it for its ultimate use.
Mystery of Finance
(2 Points)
Replied 19 August 2021
the clauses 9.3 & 9.4. are not in IAS10, these are from Indian AS10 - Accounting for fixed Asset
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 August 2021
Intangible assets standard also suggests it as an expense
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