Capitalization entries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
I want to capitalize the processing fees and other charges incured at the time of taking loan what is the journal entry to capitalize
10 August 2011
Dr: Fixed assets
Cr: Bank
Narration can be mentioned as processing fees
Cr: Bank
Narration can be mentioned as processing fees
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