Expenditure Nature
This query is : Resolved
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Rupesh Gupta
(Querist)
16 September 2023
Dear sir,
Plase advice me whether cost of ms iron,ms angle etc for making roof for material storing in the production floor should be capitalised or not.If yes please suggest correct account name for it
Plase advice me whether cost of ms iron,ms angle etc for making roof for material storing in the production floor should be capitalised or not.If yes please suggest correct account name for it
Gokul Sharma
(Expert)
16 September 2023
value of material...???????????????
21 January 2024
In this case, there would be a definite increase in the value of the property and benefits will drive for more than 12 months so as per me it should be capitalised
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