Accounting treatment for preoperational expenses

You must also see what your local laws require, if you are not from Pakistan as I do not know what is the requirement of your legislature at Philippines. You must know that local laws always override/overrule the international standards and requirements.
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Preoperating and start up costs should be expensed as incurred under IFRS

Same under GAAP. I don't think there's any differences on this rule.

(Though it is true that some localities don't follow international standards -- some places just don't have strict rules, but I doubt anyone around here would know those. So we either follow the international standards or U.S. standards.)

What do we meen by say CAPITALIZATION

Hu

What do we meen by say CAPITALIZATION

I think you just done it, seriously to capitalise startup costs means to carry them forward and amortise them over time