Nature of expense

This query is : Resolved

Majid (Querist)
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05 January 2012 If co incurred expenditure on Beds & pillow for the Staff person living in Co Provided Accommodation what will be the nature of expense ( The Exact accounting Term) for the same. Pls Help????

CA Sanjeev Kr Jain

CA Sanjeev Kr Jain (Expert)
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06 January 2012 staff welfare / guest house exp.

Majid

Majid (Querist)
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14 July 2012 Thank u Sanjeev, but hv one more querry do we need to treat it as cap Exp or revenue?? since bed we use for more than one n cost of one bed is aprox INR 5 K..further one bed is ok we can expense it out but if ther are 50 beds in that case what should b the treatment Cap Exp or Rev Exp??

Many Thanks
Majid

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