capital&revenue

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 September 2010 if repairs cost is 25000, whitewash expenses are 5000,cost of extension of building is 250000, &cost of improvement in electrical wiring system is 19000 the amount to be expended is how much?reason.

06 September 2010 Can u please provide the details of the dates of purchase of Builing and the incurring of the exp.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 September 2010 sorry.it is icai question they gave answer as Rs30000.I didn't understand how it comes.

07 September 2010 The Question is not clear. However, it seems that the Cost of Extention and the Electrical Installation gives the enduring benefit , it will be capitalized. While the white wash and repairs cost are considered as revenue exp.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 September 2010 it is from capital& revenue expenditure chapter. in CPT level


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now





Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details