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.
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