Charges paid to interiror decorator is to be capitalised
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2014
Our company has hired the services of Interior Decorator for designing of the showroom and now the Interior Decorator has raised a bill of Rs. 5 Lakhs. So whether the same is to be capitalized or booked as revenue. Pls clairfy with reason
03 April 2014
it needs to be capitalized as it will increase working life of showroom.
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