Captalisaion of assets
ROHIT (ACCOUNTANT) (52 Points)
29 June 2012
what is captalisation of assets in balance sheet.
7 Replies
MD FATIN MOHD. HUSAIN NIZAMI
(Accounts Assistant)
(60 Points)
Replied 29 June 2012
It means recording the asset in the balance sheet rather than expensing its cost in the P& L A/c.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 29 June 2012
| Originally posted by : MD FATIN MOHD. HUSAIN NIZAMI | ||
 |
It means recording the asset in the balance sheet rather than expensing its cost in the P& L A/c. |
 |
Agree...
ROHIT
(ACCOUNTANT)
(52 Points)
Replied 29 June 2012
@ hussain
means the amount will not reflect in p/l a/c.
KRISHNAPRASAD IYER
(B.Com , CA Final)
(657 Points)
Replied 29 June 2012
it means that the asset will be recorded in the balance sheet
GIRISH NADKARNI
(GM FINANCE)
(52 Points)
Replied 01 July 2012
Capitalisation of Asset means transfer of Capital Work in progress in the books to the concerned FIxed Assets Accounts by following the relevant Accounting process as per the Accounting Standard.
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