Accounting of cost of improvement
This query is : Resolved
16 March 2015
Whether expenditure incurred on construction of new bus body on the old chassis can be capitalised or charged to profit and loss account.
CA Kapil Verma
(Expert)
16 March 2015
It should be capitalised to fixed assets
Rupesh Jain
(Expert)
17 March 2015
yes you have to capitalized.
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