Renovation of firm journal entries
Atharv Sankliya (1354 Points)
18 December 2021Atharv Sankliya (1354 Points)
18 December 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 December 2021
Renovation expenses
To bank a/c
They can be capitalised if they are directly attributable to production. However, renovation is definitely an expense