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-   -   Pre-operating expenses (https://www.askmehelpdesk.com/showthread.php?t=305572)

  • Jan 18, 2009, 11:40 PM
    Beechan
    Pre-operating expenses
    What is pre-operating expenses?
  • Jan 19, 2009, 04:06 AM
    ROLCAM

    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

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