hello frnds....
a comapny incurred the expenses of fitting window with glass in a room and treated it as capital expenditure and capitalised it in its building furniture is the treatment is right as per accounting standard????
hello frnds....
a comapny incurred the expenses of fitting window with glass in a room and treated it as capital expenditure and capitalised it in its building furniture is the treatment is right as per accounting standard????
Capital expenditure, as opposed to revenue expenditure, is generally of a one-off kind and its benefit is derived over several accounting periods. Capital Expenditure may include the following:
in my opinion above treatment is right.
if comapnay treat it as maintenance expense....is it voilation of accounting standanrd?
ofcourse, they can not charge the same through P&L as a whole.
cool...thnx dear,,,,and plz tell me that a company install the water filter for availability of good drinking water for employee with a water cooler is it treated as asset or revenue expenses??
It should be capitalized.(F.Assets)
vry fine dear...thnx a lot....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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