What will be the entry for making payment to Carpenter and Painting worker.?It is not about repair,Making a Hotel building.What will be the ledgers?In which account show in payment voucher?
Please reply as soon as possible,and thank you all.
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New Star Hotel
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All pre-Operating expenses are expensed if they don’t fall under plant. Here, since it is falling under plant and equipment, capitalise the expenses.
Fixed assets a/c
To Bank a/c
in ERP I wonder how it is done. Supposing PPE is 10,000 and expenses related to bringing the asset to life like above is 1000₹, then
Fixed asset 10,000₹
Painting expenses 1,000₹
To bank 11,000₹
Th ledgers usually are payables, bank, expenses
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