Accounting

Ahsan Amin (1 Points)

18 February 2021  

I have started my restaurant business. The restaurant is on rental basis for which I pay rent on a monthly basis. However, I have renovated the whole restaurant including decorations, electricity wiring by my own in terms of my initial investment. How would I treat my investment in balance sheet? Would it be the capital expenditure to be recorded under assets or revenue expenditure being recorded in my income statement?