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Cctv camera expenses

Accounting Entries 29778 views 1 replies

We have installed the CCTV camera in our factory, now in which head we have to take the entry in our account. Is this under expenses or capitalised account. We have expenses of Rs.55000/-.

Pls reply me early....

Replies (1)
Quick Summary
CCTV camera cost of Rs.55000 should be capitalised as a fixed asset, typically under furniture and fittings, not treated as revenue expense.

Expenses on CCTV camera should be capitalised under Furniture & Fitting.


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