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Pre-operating Expnses
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02-12-2009, 05:55 PM
Post: #1
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Pre-operating Expnses
What is the IFRS in Pre- operating expnases in aggregate business.
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02-12-2009, 06:01 PM
Post: #2
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Dear,
I am sorry but the query raised by you cannot be understood properly. Would you like to explain what do you want to know? There is a thread on this forum regarding pre-operting expenses, you can go through that thread as well. Regards, KAMRAN. |
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02-12-2009, 08:18 PM
Post: #3
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Dear Kashif
Pre operating expenses are also known as Pre Commencemetn Expenditures and preliminary expenses . I don't know their treatment under IFRS but according to I. Tax Ordinance 2001 the Pre Commencment Expenditure shall be amortized @ 20% per year by using straight line method. Regards Awais Aftab |
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02-12-2009, 09:32 PM
Post: #4
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Please see following link
http//www.accountancy.com.pk/forum/topic.asp?topic_id=5233 Regards, |
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