Interested to Buy Any Domain ? << Click Here >> for more details...
CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN
IT BE DONE?
- 6 Answers
- 57152 Views
- I also Faced
- E-Mail Answers
Answer Posted / bhanu prasad
How can we charge pre operative expenses against profits in
the year of commercial started. In IT any pre operative
expenditure should be capitalised or writeoff over the
period else it will be disallowed.
| Is This Answer Correct ? | 56 Yes | 18 No |
Post New Answer View All Answers
Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company
How to increase our credit rating score quickly?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
business sepsarate entity concepts
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
What is the Accounts Payable & Accounts Receivable ?
What are the benefits ofparticipation in a depository?
Assets are held in the Business for the purpose of____________________
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
WHAT IS INTEGRAL ACCOUNTING
Give a brief explanation of the fundamental accounting concept of prudence
what is the difference between cash flow and funds flow
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
Expand ________FOR
