I want to Know what is a Capitalization of Fixed Assets and how the same is posted i.e. what the entry has to be passed for the capitalisation of FA?.
4 Replies
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 29 April 2019
Fixed Asset dr.
To bank.
To bank.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 29 April 2019
capitalization means you show the expense incurred as an asset in the balance sheet and charged it to revenue on a periodic basis.
Rakesh Mishra
(Asst. Auditor)
(42 Points)
Replied 29 April 2019
All the expenses incurred towards the fa must accumulated and added to the value of fa..as to know the total value of fa..including.. loading, unloading, installation, legal certifications etc..
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