Accounting treatment
This query is : Resolved
07 July 2012
Hi
I have a query relating to the following topic
Whether purchase of calculators can be treated as a fixed asset or an expense if they are purchased with an intention to use them for more than one accounting year?
Can in any case purchase of them be a fixed asset?
Kindly clarify the doubt
with regards,
Mounika.
I have a query relating to the following topic
Whether purchase of calculators can be treated as a fixed asset or an expense if they are purchased with an intention to use them for more than one accounting year?
Can in any case purchase of them be a fixed asset?
Kindly clarify the doubt
with regards,
Mounika.
07 July 2012
Items cost less than 5000 can be expensed as per Schedule XIV.
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
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
