Expenditure incurred for the innovation of Guest house
building is revenue nature or capital nature ??
- 4 Answers
- 6045 Views
- Amazon, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / hari.corporate
It is Revenue expenditure
Reason : A revenue expenditure is a cost that you charge to
expense as soon as you incur it.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / babhu kanchupalli
It is a capital expenditure.....because what ever the cost incurred to obtain the fixed asset and the cost incurred to increase the useful life. of the asset.....is included in the value of an asset.
For example : when we purchase a bike....we have to incure some extra amount for extra fittings like.....seat covers,helmet,accident guards,tank cover....like that.....all these expenses includes under bike cost.....when some asks about the price of your bike....you simply says the amount which includes all these extra fittings amount.......
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / lalitha
Its a revenue nature,its not a construction of guest house,
innovation only
| Is This Answer Correct ? | 1 Yes | 1 No |
You pay for a product and you get the bill. When to book the expenses
In tally software what is the difference between restore and backup?
what is bank reconsilation statement?and hw it will be calculating
in Tally accounting programme where should I can make ledger for Work in Progress? under which accounting head? Eg. Debit will be under Current Asset a/c and what about credit? whether it is under Purchase a/c? or under Income a/c?
How can you made payment when bill come from vendor, what is the bills have you check.
How many Accounting standards are there in India ?
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
difference between stock and share
difference b/w trading a/c & manufaturing a/c.
Define social responsibility accounting
What is Balance sheet in Tally?
Hello Sir, My Name is Shoaib, I am Novice in Accounting Field. I want to learn the simple & step by step, procedure to final my company account. Please Help
Audit 
