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Accounting isses

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(Querist)
02 June 2018 Please let me know if a company procure a land for which brokerage paid to an agent whether the amount should be capitalized to the Asset or brokerage amount will be shown separately in the profit and loss accounts.
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RAJA P M

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RAJA P M (Expert)
03 June 2018 Yes... The amount can be capitalize.
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C.A. Umeshkumar Acharya

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C.A. Umeshkumar Acharya (Expert)
04 June 2018 any expenditure incurred directly or indirectly to acquire fixed asset is also a capital expenditure and need to be capitalised
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