Capital or revenue expenditure
This query is : Resolved
19 May 2020
A housing society does wire fencing around the boundary of the society and a common washing area for vehicles. Now these two fencing expense & washing area expense will be capitalised or treated as expense for that year?? Plz reply
19 May 2020
Treat it as expenses as it's common expenses for the society spent out of the amount collected from members.
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