Easy Office
LCI Learning

Capital or revenue expenditure

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 March 2016 If I have purchased 3 Laptop of Rs. 160000,After some days MS office software purchased of Rs. 78,000/- and Tally software of Rs. 10,000/-,what would be the accounting treatment in financial books of accounts.If software to be capitalized then what would be impairment

Profile Image

Ankur Singhal

Profile Image

Ankur Singhal (Expert)
30 March 2016 DEAR
EXPENDITURE DONE TO PURCHASE LAPTOPS WILL BE CAPITALIZED.
AND EXP. DONE TO PURCHASE SOFTWARE WILL BE DEBITED TO PROFIT AND LOSS A/C

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links