Capital exp or revenue exp
This query is : Resolved
21 August 2012
An individual has purchased an office by taking a loan. That office is not used during the F.Y. & furnishing work is being done there. Should the interest paid on this loan be capitalised or Dr. to the P & L A/c. Also he has paid maintenance charges for this office during the F.Y. what will be the treatment of this charge.
Kindly help !
Kindly help !
21 August 2012
interest expenses DR in P&L a/c..
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