Capitalisation of furniture & fixture
This query is : Resolved
bhupinder singh
(Querist)
05 July 2014
In the case material is provided to the carpenter for 40000rs on 15th may 2013 & labour charges paid to the carpenter is 8000rs on 20th july, what sholud be the cost for furniture and date of capitalisation for the same?
if possible then please post journal entries for the above query thanks
if possible then please post journal entries for the above query thanks
Ganeshbabu K
(Expert)
05 July 2014
Labour charges incurred also required to capitalize
.
.
Because with out this your material should not have got usable condition
.
.
So capitalize 48000
.
.
Because with out this your material should not have got usable condition
.
.
So capitalize 48000
bhupinder singh
(Querist)
07 July 2014
thanks when and what journal entries are required to be passed in books of accounts?
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