Even through we will be prone to think that it should be capitalised.. it is not so.
this expenditure does not shw any character of capital expenditure..
it does not incresase the earning capacity of the firm nor
it increases the life of any fixed asset.
so considering all these.. the expenditure should be debited to P&L..
Even through we will be prone to think that it should be capitalised.. it is not so.
this expenditure does not shw any character of capital expenditure..
it does not incresase the earning capacity of the firm nor
it increases the life of any fixed asset.
so considering all these.. the expenditure should be debited to P&L..
not to b capitalised
CAclubindia
