C
cbjroms
The Balance Sheet which my Accountant has prepared for my submission to the
Bank shows the costs associated with my acquisition of the business (eg
legal, accountancy and arrangement fees) as 'Professional Fees' within the
Fixed Assets.
How can professional fees be considered as a fixed asset; surely they are an
expense?
Thanks in anticipation.
Chris
Bank shows the costs associated with my acquisition of the business (eg
legal, accountancy and arrangement fees) as 'Professional Fees' within the
Fixed Assets.
How can professional fees be considered as a fixed asset; surely they are an
expense?
Thanks in anticipation.
Chris