Hello,
As per your query what i understood is you want to know the account head for soil bought for ground levelling.
If the college is constucting a new building then capitalize the cost. If not, then debit it to Ground levelling exp, and clasify it as indirect expense.
Thanks,
Tanvi
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
