what will be the journal entry for expense which is capital nature........... please help
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entry for capital expenditure
Replies (3)
Dear Mohammed,
If Aseet has been acquired or it has come to existence -
Asset(like Plant, Building, etc).................Dr
TO Cah/Bank/Creditor
IF asset has not been acquired or it has not come to existence then -
Capital Work in progress(CWIP)....................Dr
TO Cash/ Bank/Creditor
Good answer.....Amir bhai.......
good answar
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