Capitalisation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2015
Hi Experts.
I'd like to know whether initial cost incurred on Credit cards like plastic cards cost, processing charges, should be capitalised or not.3
According to view of others, it should be capitalised b'coz it is property of Organization & it will entails benefits..
My view is that it mustn't be capitalised
Please reply as soon as possible
I'd like to know whether initial cost incurred on Credit cards like plastic cards cost, processing charges, should be capitalised or not.3
According to view of others, it should be capitalised b'coz it is property of Organization & it will entails benefits..
My view is that it mustn't be capitalised
Please reply as soon as possible
CA R SEETHARAMAN
(Expert)
13 January 2015
Credit card is not an asset of the organisation hence it's cost cannot be capitalized.
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