A very Interesting Query...
This query is : Resolved
12 July 2011
A Private Limited Co. has purchased a dog for security purposes...
Should it be capitalised as a fixed asset?
Should it be debited to Profit & Loss Account as Security Charges?
Should it be treated as Deferred Revenue Expenditure?
Should it be capitalised as a fixed asset?
Should it be debited to Profit & Loss Account as Security Charges?
Should it be treated as Deferred Revenue Expenditure?
13 July 2011
Hi sumit
Company is invest for security purpose investment amt must be debated in profit and loss account and traded as a deferred revenue expenses but dog is not come under the legal definition of fixed assets so its not capitalized as a fixed assets
Company is invest for security purpose investment amt must be debated in profit and loss account and traded as a deferred revenue expenses but dog is not come under the legal definition of fixed assets so its not capitalized as a fixed assets
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- When TDS on GST applied
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
