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This query is : Resolved
Bollam Pranay Kumar
(Querist)
23 June 2020
Sir, I am a fresher. I want to know in hospital what items we use from starting of business. Where to be post in the books if account. Eg. Land purchase, steel purchase, sand purchase, bricks purchase. Cement purchase, construction charges paid, labor charges paid, transportation charges paid, paid for painting, paid to electrical, paid to carpenter, paid plumber etc., Where all these expenses to post
in which account.
Please let me help.
in which account.
Please let me help.
CA R SEETHARAMAN
(Expert)
23 June 2020
Land capitalise separately, no depreciation to be charged.
All other expenses capitalise as hospital building and other building.
All other expenses capitalise as hospital building and other building.
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