Question

What do you mean by Capitalisation?

Answer 1

Answer:

Explanation:

Capitalization is the recordation of a cost as an asset, rather than an expense. This approach is used when a cost is not expected to be entirely consumed in the current period, but rather over an extended period of time.

For example:

We don't capitalize the word "bridge" unless it starts a sentence, but we must capitalize Brooklyn Bridge because it is the name of a specific bridge.

Answer 2

Answer:

Explanation:

It is the recitation of a cost as an asset rather than an expenses.