Capital exenditure or revenue expenditure
This query is : Resolved
DEVENDER THAKUR
(Querist)
17 May 2016
If complete renovation of the showroom is done i.e total furniture and fixture and electricity fitting is done and it takes about six months to complete. The expenditure is done in small bills vide material bills and workers of contractors but the total expenditure is a big sum. How should we record the expenses in our books of accounts. Should it be a capital expenditure or revenue expenditure? Respected Experts! plz guide...
Rupesh Jain
(Expert)
17 May 2016
capital expenditure under the furniture & fixture head
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