Paragraph 9 Access

Enter here all capital expenditure, being expenditure—

(a)

which the authority propose to capitalise in their accounts in accordance with proper practices being those accounting practices—

(i)

which the authority are required to follow by virtue of any enactment, or

(ii)

which, whether by reference to any generally recognised published code or otherwise, are regarded as proper accounting practices to be followed in the keeping of accounts of local authorities, either generally or of the description concerned,

but in the event of any conflict in any respect between the practices falling within (i) above and those falling within (ii) above, only those falling within (i) above are to be regarded as proper practices; and

(b)

which does not fall within note 4 (capital expenditure from revenue).