Query

It should be come under fixed asset. Because it is capital revenue expenditure.

To be capitalized.

Ya its a Fixed Asset. You can also sub classified it under -  Staff Welfare Equipments.

ya its comes under Fixedd asset......

hence it should be capatilised

Dear Suresh,

Its depend upon the life of the assets,

If the life of the assets is more than one accounting year than it has to be capitalized, otherwise charged p&l  a/c