Accounting entry
This query is : Resolved
harshit gupta
(Querist)
20 November 2014
Under which head of P&L Ac should I book the expense made on purchasing tools.
20 November 2014
Expenditure on purchasing tools is a capital expenditure and should be capitalized.
It should not be charged to P&L Account.
It should not be charged to P&L Account.
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