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capitalization of permission fee


subramanyanadig (Accounts officer)     13 July 2019

subramanyanadig
Accounts officer 
 1 likes  42 points

| My Other Post

The amount paid to get permission from Government for installation of machinery can be capitalized,?
and the permission should be renewed every year by payment of certain fee.

avater

RAJA P M ("Do the Right Thing...!!!")     14 July 2019

RAJA P M
"Do the Right Thing...!!!" 
 8388 likes  114651 points

View Profile | My Other Post

No...

But, Can be booked in expenditure head and the renewal amount.

**In case it's refundable then book it under Loans & Advances...


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