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Please give your answer with reference from any accounting books or IFRS. Thanks
Its depend on nature of expenses. Regular expenses should be booked during the year and capital expenses should be capitalized.
Each expense need to be categorised and identify based on its life cycle and booked accordingly.
such as license or registration fees is annual need to be charged to P&L every month/12. similar all general expenses will straight go to P&L cost account in the same year. Fixed assets as per category of asset and depreciation policy of the company.
Fixed assets as per category of asset and depreciation policy of the companysuch as license or registration fees is annual need to be charged to P&L every month/12. similar all general expenses will straight go to P&L cost account in the same year
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