pawandeep sharma (CA Final New) (188 Points)
18 November 2013Hi
This is regarding query on Revenue/Capital Expenditure.
There is a upcoming Hotel. Rs 25.00 lacs had been paid to consultant for landscaping and further a sum of Rs 7.50 lacs had been pad for purchasing plants.
My query is regarding treatment of both the expenditure.
Thanks.
One Of A Kind
(CA Final & CS Professional Student)
(187 Points)
Replied 18 November 2013
Both the expenses should be capitalised as they are incurred for setting up of the hotel.
Rahul Gogate
(Chartered Accountant)
(213 Points)
Replied 18 November 2013
| Originally posted by : Muskan | ||
 |
Both the expenses should be capitalised as they are incurred for setting up of the hotel. | |
Even i think so..both the expenses should be capitalised!
CAclubindia
