Capital expenditure
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2013
dear sir
if we spent any expenses related to asset,like building etc...this is the improvement it will come under assets.
2.the money we invested for improvements For the owner building added to capital or not.
i mean i need to pass the corresponding entry to capital in cash first for this improvements please suggest me regarding with detailed
if we spent any expenses related to asset,like building etc...this is the improvement it will come under assets.
2.the money we invested for improvements For the owner building added to capital or not.
i mean i need to pass the corresponding entry to capital in cash first for this improvements please suggest me regarding with detailed
15 November 2013
Does these improvements add any log term benefit? for example does this improvement increase the uses in the building or increases its useable life? If yes, then capitalize the said expenses.
With regards to entries:
If the money for these improvements was brought in as share capital, then credit the share capital and debit the bank.
while paying for expenses, debit the capital assets and credit bank.
With regards to entries:
If the money for these improvements was brought in as share capital, then credit the share capital and debit the bank.
while paying for expenses, debit the capital assets and credit bank.
15 November 2013
Any expense which increases its efficiency or life of the asset such expenses must be capitalized...
In case of addition of another floor in building or improvement in permanent nature should be capitalized...
In case of addition of another floor in building or improvement in permanent nature should be capitalized...
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