Capital/revenue expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2013
Are expenses incurred on salary, interest, commission to broker, travelling, conveyance, sales promotion, staff welfare, telephone and other misc expenses capital or revenue expenses in Builder firm case where there is no sale because complex is under construction ?
Guest
Guest
(Expert)
26 June 2013
They will be considered as revenue in case of builder firm.
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