start up of new business
sassyduell
Registered Posts: 33 Regular contributor ⭐
Hi all
Could anyone tell me if i am doing the books for a new business set up whose start up date is going to be 6/4/2010 but she is going to buy equipment etc for the business in the month running up to that date, how will i record those initial start up cost, should i put it through in the financial year it was bought?
Could anyone tell me if i am doing the books for a new business set up whose start up date is going to be 6/4/2010 but she is going to buy equipment etc for the business in the month running up to that date, how will i record those initial start up cost, should i put it through in the financial year it was bought?
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Comments
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sassyduell wrote: »Hi all
Could anyone tell me if i am doing the books for a new business set up whose start up date is going to be 6/4/2010 but she is going to buy equipment etc for the business in the month running up to that date, how will i record those initial start up cost, should i put it through in the financial year it was bought?
Put it in as at the first date of trading, i.e 06/04/2010. It is pre-trading expenditure.0 -
Thank you very much for that0
