Tell me if the company wants to enhance thier business and incured the cost on

Tell me if the company wants to enhance thier business and
incured the cost on other building (like Buliding Material,
Iron and Others) so we will put it in to the expenses or i
have to put it into the Fixed asset land and buildin by
passing this entry
Land and Building (Dr)
Bank/Cash/Detors) (Cr)

Thanks

Question Posted / sajjad1

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Tell me if the company wants to enhance thier business and incured the cost on other building (lik..

Answer / mayank verma

Mr.verma,
In question it is not clear that building is under
construction or old building .

If building is under construction then it will be
captalized other wise if old building it will be booked in
Repairs and maintenence(Building)

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Tell me if the company wants to enhance thier business and incured the cost on other building (lik..

Answer / motilal verma

You are right it should be captalized.

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Tell me if the company wants to enhance thier business and incured the cost on other building (lik..

Answer / sajjad1

Yes dear Thanks for Answer its mean i m rigt so the
buildong is under construction all expenses related with go
to the building a/c

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