Capitalization of expenses
This query is : Resolved
28 August 2013
Dear Experts,
A hospital renovate its ground floor into parking area, pastly it was used for
consultation area. for this renovation it incurred lakhs of amount in a year. total amount was debited to P&L A/C by the accountant. Is it correct?
A hospital renovate its ground floor into parking area, pastly it was used for
consultation area. for this renovation it incurred lakhs of amount in a year. total amount was debited to P&L A/C by the accountant. Is it correct?
28 August 2013
Revenue expenditure, Reasons are-
i) no enduring benefit.
ii) no new asset is generated.
i) no enduring benefit.
ii) no new asset is generated.
28 August 2013
Thnnq sir
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