What should be the Accounting Treatment of Pre operative Income.Can anyone say??
Nandan Sarma (Article Assistant) (325 Points)
24 December 2009
What should be the Accounting Treatment of Pre operative Income.Can anyone say??
Tushar Mahendru
(Learner)
(125 Points)
Replied 25 December 2009
Hi,
Preoperative expenses are disallowed. If expenses are of capital nature, carry them in the balance sheet as Capital work in progress and then when the projects starts operating transfer them to the respective accounts.
Amir
(Learner)
(4016 Points)
Replied 29 December 2009
Hi NANDAN,
Its an interesting question, I would love to answer it but could you please support it with an example??
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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