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Bhartesh Nare   19 June 2021

Accounting treatment for building improvements

what will be the accounting entries for new fire alarm, fiber and cctv camera installation in building?



 3 Replies

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     19 June 2021

Add them to PPE if they are used in production

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     19 June 2021

It can be capitalised as office equipment. You may avail ITC and the net value can be accounted as fixed assets.

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     19 June 2021

Originally posted by : CMA Poornima Madhava
It can be capitalised as office equipment. You may avail ITC and the net value can be accounted as fixed assets.

Capitalise as office equipment or plant and machinery as applicable


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