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Expense before start of operation
Sir / Madam, Before starting of operation of a company we have done some expense like Salary, Advertisement, LWF, Website Designing & Rent. Can you please advise in which head these expense need to transfer in year end. If we capitalize these expense then in how many year we can w/o the same. Thanks in advance.
Replies (1)
web designing depnds upon number of years your ecomomic benefits accrue genarally written off within 5 years
other preoperative expenses capitalised depends on the asset life which you are capitalising as per schedule II of the companies act 2013
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