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Asset or not

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Mopidevi Bharadwaja

Mopidevi Bharadwaja (Querist)
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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

CA Rashmi Gandhi (Expert)
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13 June 2017 For it purpose it is assets

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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13 June 2017 Always considered as assests

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Mopidevi Bharadwaja

Mopidevi Bharadwaja (Querist)
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13 June 2017 Thank you mam for the answer

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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13 June 2017 Pleasure is all mine

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