Actually my office took one rented complex and put some capital expenditures like wiring in office.
what is the accounting treatment for this??
Thanks in advance.
Praveen Moudgalya (14 Points)
01 April 2016Actually my office took one rented complex and put some capital expenditures like wiring in office.
what is the accounting treatment for this??
Thanks in advance.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 01 April 2016
You need to break that up into various components like furniture & fittings, office equipment etc. then classify them accordingly under Fixed Assets.
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