Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Explain how capital expenditure will be treated in the?

Accounts Payable
user-image
Question added by Mgk Wijeyarathe
Date Posted: 2017/12/01
Upvote (0) Views (6) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Trust Ushe
by Trust Ushe , Accountant , GDC Whelson Transport

Capital expenditure invoivce in first accrued to the suplier account by Debting asset account and credting supplier account.

Richard D'souza D'souza
by Richard D'souza D'souza , Project Manager / General Manager , Protiviti Global / R.A.Moraes & Associates

Capitalise the amount inccured in the balance sheet and claim depreciation at fixed rate for the purpose of Taxation

Write Your Answer
More Questions Like This