Accounts matter
This query is : Resolved
Quick Summary
01 March 2021
hello every one ,
last year we were done a expense and treated it as capital work in process but in current year the scenario is change, we want to include this expense in current year as expense.
how can we do it???
please help me.......
last year we were done a expense and treated it as capital work in process but in current year the scenario is change, we want to include this expense in current year as expense.
how can we do it???
please help me.......
01 March 2021
Charge it as expenses of current year and record the reason for change in scenario.
Message likes :
1 times
01 March 2021
but CWIP show in last year B/S........ so we can remove in current year....???
01 March 2021
Yes, you can remove it current year with valid reasons.
Message likes :
1 times
01 March 2021
ok sir thanks from your suggestion
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
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- ITC BENEFIT ON BROKRAGE PAID
- Taxation on Old jewellery sold
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Gst reverse charge mechanism to be claimed in the month of payment
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
