Asset or not
This query is : Open
Mopidevi Bharadwaja
(Querist)
13 June 2017
An 70 furniture items was bought for 3000 rupees each whether it should be treated as Revenue expenses as each item is below 5000 Rs or should treat as asset as cumulative
CA Rashmi Gandhi
(Expert)
13 June 2017
For it purpose it is assets
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
13 June 2017
Always considered as assests
Message likes :
3 times
Mopidevi Bharadwaja
(Querist)
13 June 2017
Thank you mam for the answer
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
13 June 2017
Pleasure is all mine
Message likes :
2 times
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