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Purchase of desktop computer (asset)

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(Querist)
09 January 2013 Dear,

Our company has purchased a Desktop Computer from a Store by paying full payment.

The store gave us a Quotation and was approved and payment worth Rs. 23,500.00 was made in that respect.

Kindly suggest if this can be treated asa cash expense to buy a FA and the Entry if treatment is otherwise.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
09 January 2013 If its a fixed assests for your business concern then it will not be disallowed...........

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