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    Beechan's Avatar
    Beechan Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 18, 2009, 11:40 PM
    Pre-operating expenses
    What is pre-operating expenses?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    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
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