Capitalization

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24 June 2015 what is capitalization in finalization process?

CA R SEETHARAMAN (Expert)
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24 June 2015 Capitalization is transferring completed capital work in progress of buildings and plant and machinery to fixed assets.

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2015 Thanks . Sir , can you please tell me Accounting entry for this.

CA R SEETHARAMAN (Expert)
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25 June 2015 Fixed assets Dr
Capital work in progress Cr

Querist : Anonymous

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26 June 2015 Thanks you sir

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2015 Sir , if some part of fixed asset is stolen. New part brought by us .insurance claim received. What will be entry in accounts.

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