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Waterproffing expenses at construction site

A/c entries 1418 views 2 replies

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.

Replies (2)
yes Repair & Maintenance is right,
if construction is in processing, then we can use construction WIP

It is the cost of asset, of your a builder and selling them


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