Hai
how to treat pre - incorporation expenses made - Like salary paid, rent, petty cash expenses. these are expenses made before incorporation.
Regards
N Dayananda
N. Dayananda
(Articles Assistant)
(22 Points)
Replied 07 December 2011
Hai
how to treat pre - incorporation expenses made - Like salary paid, rent, petty cash expenses. these are expenses made before incorporation.
Regards
N Dayananda
Ajay Kumar Thakur
(Accounts Manager)
(33 Points)
Replied 29 May 2012
Hi Akhil,
You have given absolutely correct answer.
Capitalization with the Fixed assets on proportianate basis is the better way of accounint instead of
showing in the B/S.
praveen kumar chintada
(articles assistant)
(29 Points)
Replied 26 June 2012
Originally posted by : Guest | ||
what is pre-operative exp is there any diff between priliminary and pre-operative exp |
Pre-operative expense are the expense whch are made after incorporation and before commencement of business and preliminary expenses are the expenses made before incorporation
Jerose Kennedy
(Student CA IPC / IPCC)
(25 Points)
Replied 11 September 2013
Dear learned people,
Kindly help me with the pre operative expenses of a private company. Please elaborate me what is the accounting treatment for such expenses? There is no fixed asset for the company, it is just few expenses like remuneration and day to day expenses.
Thank you in advance