Capitalising-Journal Entry
This query is : Resolved
Guest
Guest
(Querist)
02 June 2011
Pls. help me with the capitalizing journal entry.
Also i would like to know that whether assets should be capitalised based on amount?apart from ensuring whether the exp being capitalised has resulted in improving the efficiency of the Asset,if the amount is meager will that still amount to capitalising asset in books of accounts?
Also i would like to know that whether assets should be capitalised based on amount?apart from ensuring whether the exp being capitalised has resulted in improving the efficiency of the Asset,if the amount is meager will that still amount to capitalising asset in books of accounts?
02 June 2011
If the amount is meager means there is no point in capitalising it,in my view it can be written off then and there.
Guest
Guest
(Querist)
02 June 2011
Ok thankyou and what are the entries for capitalising expenses?
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