Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Renovation journal entry

This query is : Resolved 

can any one tel me about renovation journal entry

which type of renovation entry pls explain the situation

agar humne office me ply wood ka work kraya to iski ntry renovetion ki hogi ya capitalised hoga?

Capital expenditure is that expenditure which creates an asset or addition in that existing asset or increases the durability of the exiting asset .So if plywood work is done which results in increase of durability of the asset then it will be treated as a capital expenditure .....if full renovation is being done with a long term effect (more than one accounting year ) then it will be treated as a capital expenses

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries


Trending Tags