Fixed asset

if in a school they have made the payment for fixing the aluminium type of window...
can it be a fixed asset ...
or it can be the maintetenece or repairing work....
pls suggest...
Replies (2)
Quick Summary
This discussion explores whether the cost of fixing aluminium windows in a school should be classified as a fixed asset or a maintenance expense. The consensus suggests that since windows are considered accessories that don't generate economic benefits, they should be accounted for under 'Repairs & Maintenance - Building'.

Windows are accessories which do not bring in economic benefits. So this will be shown under maintenance.

You can account it under the head - Repairs & Maintenance building

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details