ledger for expenditure incurred on regis of vehcile

This query is : Resolved

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)
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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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