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ledger for expenditure incurred on regis of vehcile

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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2012 W.r.t above would like to know the name of the ledger for expenditure Incurred on Registration of vehicle ( Company) it will go to Repairs & maintenance or license/ Registration fee

Kinldy mail ur response to:
atharparkar@gmail.com

Thanks & Regards
Athar

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)

20 March 2012 capitalize the same because expense incurred to bringing the asset to the location and condition should be capitalized.

pass this entry

Vehicle A/c
To cash
(being expenses for registration are capitalized)

Querist : Anonymous

Querist : Anonymous (Querist)

09 July 2012 Dear Dileep Sir Since the amount is immaterial & incurred is in the 5th year of vehicle purchase .. would like to know nature of exp... as stated earlier..

Would b thankful.

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