Revenue expenditure
This query is : Resolved
10 March 2014
maintenace charges paid for flat should be debited to flat shown under investments or should be debited to profit and loss account ???
10 March 2014
annual/monthly maintenance charges should be expensed out. any major repair can be capitalised.
10 March 2014
If the maintenance charge r annual & recurring in nature then show it under P&L A/c as expense. And if there is any major expenses regarding Maintenance then u can capitalise it.
10 March 2014
maintennace charges are around 180,000 for 6 months and 50% amount of amount is paid once.
dn whether it should be capitalised or expensed out ???
dn whether it should be capitalised or expensed out ???
10 March 2014
It can b capitalised and added to the block of assets.
10 March 2014
well if doesnt lead to any improvement in the asset, then still expense it out
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