how to do taken architecture fee in accounting
7 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 17 February 2024
For what purpose it was paid???
If paid for purchase of property then added to the cost of asset
If paid for purchase of property then added to the cost of asset
sumanth
(Accountant assitant)
(5 Points)
Replied 17 February 2024
Sir it's construction business purpose
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 17 February 2024
Then same is shown under indirect expenses.
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 17 February 2024
Architure Fee itself.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 17 February 2024
Yes I agreed the above said Reply...
@ Sumanth,
You can account the fees also in/as "LEGAL AND CONSULTING FEE"
Also You can account the ARCHITECTURE fee under DIRECT EXPENSES. Bcoz, It's not a expense of After Completion of the Building...
@ Sumanth,
You can account the fees also in/as "LEGAL AND CONSULTING FEE"
Also You can account the ARCHITECTURE fee under DIRECT EXPENSES. Bcoz, It's not a expense of After Completion of the Building...
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