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
Kinldy mail ur response to:
atharparkar@gmail.com
Thanks & Regards
Athar
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)
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.
Would b thankful.
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