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CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN
IT BE DONE?
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Answer Posted / abhishek
I GUESS PEOPLE ARE REALLY CONFUSED WHETHER PRE OPERATIVE EXPENSES SHOULD BE CHARGED TO P/L OR ITS SHOULD BE CAPITALISED.ACCORDING TO ME,PRE OPERATIVE EXPENSES SHOULD BE CAPITALISED IF IT IS OF CAPITAL NATURE OR ELSE CHARGE TO P/L AGAINST PROFIT OF THAT YEAR...
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