charitable trust
This query is : Resolved
06 September 2009
Dear sir
Kindly please help me for the following query-
I have one client which is a charitable trust. Trust made a one floor building for making that building they employed labours they spent money for snacks and tea for that labours. So should i capitalised such expenses under the head building or not. if not then how should i treat it
Kindly please help me for the following query-
I have one client which is a charitable trust. Trust made a one floor building for making that building they employed labours they spent money for snacks and tea for that labours. So should i capitalised such expenses under the head building or not. if not then how should i treat it
CA. B.SRINIVASULU
(Expert)
06 September 2009
You cannot capitalise the expenditure realting to snaks and tea, it should be treated as revenue expenses and debit to refreshment expenses.
CA CHINTAN AJMERA
(Expert)
06 September 2009
Agree
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