CAPITAL EXPENDITURE

Dunaboyina subrahmanyam (accounts ) (67 Points)

27 June 2020  

Dear All,

We have  purchased a land with name of firm Rs . 1000000/- the charges are incurred below mentioned.

registration charges : 70000

legal charges : 120000

Fencing charges : 150000

can we write above expenses debit to p& L account or add to capital expenses to land purchase of land cost.

please suggest