Varghese N A (Managing Partner) (28 Points)
12 February 2015We are a builder and partnership firm. We have purchased some materials(angles,channels) for doing the frame work for an advertisement hoarding. The hoarding is to be used by our firm only. To which head we shud post these expenses - Is this capital or repair & maintenace or any others?
CA Raj Doshi
(Practising CA)
(8733 Points)
Replied 14 February 2015
It will be repair maintenance. Since economic benefits will not arise from it. I am assuminng hoarding is not related to any project / site work.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3303 Points)
Replied 17 February 2015
Since you are the real estate business, the expenses comes under the head of Advertisement expenses.
utkarsh sajwan
(student)
(43 Points)
Replied 21 February 2015
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