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Waterproffing expenses at construction site

Rudrayani Shedjale (Assistant Accountant) (751 Points)

15 April 2019  

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.

 1 Replies

Mohit Gupta (article) (164 Points)
Replied 15 April 2019

yes Repair & Maintenance is right,
if construction is in processing, then we can use construction WIP
1 Like

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