Accounting Head

DEVENDER THAKUR (Accountant) (589 Points)

08 October 2019  
If a partnership Firm Fully renovate a showroom (Major renovation), under which head should we book the expenses like. Cement, Reta,Bajri, electric materials like pvc pipes used in the walls, Plumbing work,paints etc. Should it booked as revenue expenditure or capital expenditure. Plz guide ..