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Clive B.
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Clive B.

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answered
Q: Are repairs and maintenance to a fixed asset an expense or an increase in value to the asset?

If they are an expense, are they operating profit or non-operating profit.

Thanks in advance.
A: Thank you both.

Regards,

Clive
question
Q: Are repairs and maintenance to a fixed asset an expense or an increase in value to the asset?

If they are an expense, are they operating profit or non-operating profit.

Thanks in advance.
answered
Q: I am keeping the books for a club. When I get an annual membership payment, is that an income or capital account?

Thanks in advance.
A: Thank you.

Clive
question
Q: I am keeping the books for a club. When I get an annual membership payment, is that an income or capital account?

Thanks in advance.