Question

Second effect for repairs of building

Answer 1

Explanation:

It's simple, just follow these two logics :-

If repairs are of nominal amount or just for normal maintenance then you can charge it to Revenue i.e Debit to Profit and Loss Account.

Otherwise, if they are important for increasing the life of building or you can't use building without that repairs, then you need to capitalize such repairs i.e Debit to the Building Account.