I want to know whether purchase of Capital Goods and Service on it has to be capitalized or not?. for eg.: Purchase of Air Condition Machine and AMC on that has to be capitalised or not, whether the same has to be expense out .
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Capitalization of fixed assets
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Air Conditioner can be booked under Asset head. But, AMC accounted in PandL account...
| Originally posted by : RAJA P M | ||
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Air Conditioner can be booked under Asset head. But, AMC accounted in PandL account... |  |
Agreed
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