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Captalisaion of assets
what is captalisation of assets in balance sheet.
Replies (7)
It means recording the asset in the balance sheet rather than expensing its cost in the P& L A/c.
| Originally posted by : MD FATIN MOHD. HUSAIN NIZAMI | ||
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It means recording the asset in the balance sheet rather than expensing its cost in the P& L A/c. |
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Agree...
@ hussain
means the amount will not reflect in p/l a/c.
Yes Mr. Rohit
it means that the asset will be recorded in the balance sheet
converting the asset in to the capital of Firm( If it is partnership or prop. firm) or company or so
Capitalisation of Asset means transfer of Capital Work in progress in the books to the concerned FIxed Assets Accounts by following the relevant Accounting process as per the Accounting Standard.
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