CAPITAL EXPENDITURE

75 views 3 replies

Dear All,

We have  purchased a land with name of firm Rs . 1000000/- the charges are incurred below mentioned.

registration charges : 70000

legal charges : 120000

Fencing charges : 150000

can we write above expenses debit to p& L account or add to capital expenses to land purchase of land cost.

please suggest

 

Replies (3)
All expenses to be debited to land account.
Expenses to be capitalized
As per accounting standard.


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