Capitalized meaning
This query is : Resolved
26 December 2014
What is the meaning of capitalized. Generally an entrance fee is capitalized means what is accounting entry and how it be shown in P&l,Balancesheet.
Thanks in advance
Thanks in advance
26 December 2014
Expenditure which are not revenue expenditure are called capital expenditure.
Capital expenditure includes acquiring fixed assets, property etc. Capitalized means expenditure is debited as capital expenditure.
Entry,
Name of asset Dr.
To bank
Capital expenditure will not affect P&L, being asset it is shown in Balance sheet on assets side.
Capital expenditure includes acquiring fixed assets, property etc. Capitalized means expenditure is debited as capital expenditure.
Entry,
Name of asset Dr.
To bank
Capital expenditure will not affect P&L, being asset it is shown in Balance sheet on assets side.
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