Please advise me the Battery purchased for invertor should be taken under office equipment or repair and maintenace expenditure.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 03 July 2012
If it's replacement then post it to P&L else it needs to be capitalized.
kamlesh
(Asst. Audit Officer)
(24 Points)
Replied 03 July 2012
its a typpe of recurring expenditure so you can take it as repairs and maintenance
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 04 July 2012
reapirs and maintenance
pravallika reddy
(articleship)
(305 Points)
Replied 11 July 2012
If the battery life of time is morethan one year hence need to be capitalized for the respective asset.
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