banner_ad

Accounting standard 10

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 March 2013 Dear Export,
Mr X have purchase a bike on 1.4.2010 of RS.50000 and milage of bike is 65 km/l. after two year milage is 30 km/l. and Mr X have some expense on bike Amt Rs 25000. bike's milage is increase to 60 km/l from 30 km/l.

give a suggetion to MrX for the expence incurred by him ,it should be capitalised or debited to p&l a/c. and also give the specific reson about that....

thank in advance
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Expert)
05 March 2013 It should be recorded as vehicle running and maintenance as revenue expenditure....it is not to be capitalized as per AS-10.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details