Account Heads for Restaurant
This query is : Resolved
19 May 2020
Wall Painting = Capital Expenditure?
Ceiling = Capital Exp?
Tile = Capital Exp?
CCTV Installation = Capital Exp / Fittings?
Network Cable = Capital Exp?
Cooking Utensils, Serving Utensils = Equipments?
Staff Uniform = ?
POS Software Setup = Capital Exp?
Ceiling = Capital Exp?
Tile = Capital Exp?
CCTV Installation = Capital Exp / Fittings?
Network Cable = Capital Exp?
Cooking Utensils, Serving Utensils = Equipments?
Staff Uniform = ?
POS Software Setup = Capital Exp?
19 May 2020
yes 1,2,3, 8
cctv installation & network cable :furniture and fitting
rest all other revenue expanditure
cctv installation & network cable :furniture and fitting
rest all other revenue expanditure
20 May 2020
Is a revenue expenditure the same as a capital expenditure?
21 May 2020
not at all. Revenue exp. is a entered into the profit and loss acc and where capital exp. is a part of balance sheet. i suggest you these are technical points and are very important for formation of financial statements. take a help of professional while preparing your books of accounts
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