Ankit (C.A.-Student) 05 July 2013
An entity is starting a Pre Nursery School have done a considerable expenditure on development of building, obtained through lease, furniture, security, buses etc. Also a lot of amount spent (around 1.5lacs)on Garden(plants) on Purchasing, manure/fertiliser and maintenance.
Whether it should be capitalise or not?
It should be revenue expenditure??