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CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN
IT BE DONE?
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Answer Posted / ashok saini
Peroperative expenses wherther of capital nature or revenue
nature, shuld be added in fixed assets in the ratio of
fixed assts and claim the deperciation according to it over
the year.
| Is This Answer Correct ? | 25 Yes | 10 No |
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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