Audit areas
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 February 2012
what is meant by capitalized of assets
28 February 2012
When a fixed asset is purchased, the cost of the same is debited to Fixed Assets, i.e., shown in Balance Sheet and not charged to revenue.
Debiting the cost of the asset to Fixed Assets A/c is known as capitalization.
Debiting the cost of the asset to Fixed Assets A/c is known as capitalization.
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