we are into civil work contracts (construction)
we have incurred water proofing expenses at our site. i am aware its a revenue expenditure & need to capitalize. but expense head should repairs & maintenance or different?
please advise.
Rudrayani Shedjale (Assistant Accountant) (751 Points)
15 April 2019we are into civil work contracts (construction)
we have incurred water proofing expenses at our site. i am aware its a revenue expenditure & need to capitalize. but expense head should repairs & maintenance or different?
please advise.
Mohit Gupta
(article)
(164 Points)
Replied 15 April 2019
Yasaswi Gomes new
(Finance )
(4474 Points)
Replied 01 March 2023
It is the cost of asset, of your a builder and selling them
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