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Accounting Treatment

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(Querist)
28 June 2009 Hi,

1.How to identify an expenditure to be called as Capital or revenue expenditure?

2.I want to know the Accounting Treatment for Capital expenditure (in respect of a Product (Software)which is still not yet completed or other words, which is in Development stage as on March 31, 2009)and revenue expenditure in the books of accounts.

Thanks,

Gurmeet
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Jitender

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Jitender (Expert)
28 June 2009 1, it will depend upon future benefits & purpose .

2. development stage's exp are to be treated as revenue exp- refer AS 26
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