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A very Interesting Query...

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Sumit B Choksi

Sumit B Choksi (Querist)
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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?

bhupender soni

bhupender soni (Expert)
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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

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