Beechan
Jan 18, 2009, 11:40 PM
What is pre-operating expenses?
ROLCAM
Jan 19, 2009, 04:06 AM
These are all the expenses incurred by the
Owner before he officially starts business.
The journal entry is :-
Debit expenses xxxx
Credit loan - owner account xxxx
Being expenses incurred by owner before
Commencement of business.
Rolcam