Fixed Asset

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Accountant
22 Points Posted on 30 August 2018
In NGO we had made renovation in hospital and and my accounts person..... capitallised in fixed asset..... its write or wrong?
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On 30 August 2018 at 16:09 Report
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CA ipcc
449 Points Posted on 31 August 2018

renovating hospital is a revenue expenditure it should not be capitalised and should be debited to profit and loss account

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On 31 August 2018 at 13:49

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