Account Heads for Restaurant

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As Nau (Querist)
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19 May 2020 Wall Painting = Capital Expenditure?
Ceiling = Capital Exp?
Tile = Capital Exp?
CCTV Installation = Capital Exp / Fittings?
Network Cable = Capital Exp?

Cooking Utensils, Serving Utensils = Equipments?

Staff Uniform = ?

POS Software Setup = Capital Exp?

c.bakshi

c.bakshi (Expert)
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19 May 2020 yes 1,2,3, 8
cctv installation & network cable :furniture and fitting
rest all other revenue expanditure

As Nau

As Nau (Querist)
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20 May 2020 Is a revenue expenditure the same as a capital expenditure?

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c.bakshi

c.bakshi (Expert)
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21 May 2020 not at all. Revenue exp. is a entered into the profit and loss acc and where capital exp. is a part of balance sheet. i suggest you these are technical points and are very important for formation of financial statements. take a help of professional while preparing your books of accounts

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