Asset or not
This query is : Open
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
13 June 2017
For it purpose it is assets
Message likes :
1 times
13 June 2017
Always considered as assests
Message likes :
3 times
13 June 2017
Thank you mam for the answer
Message likes :
1 times
13 June 2017
Pleasure is all mine
Message likes :
2 times
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
- 44AD VS 44AB AUDIT
- Computation of Dividend
- Query Regarding Refund Adjustment Against Outstanding Demand
- TDS Intimation(Short Deduction)
- OTP ISSUE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
- GST Rate on Bakery Items registered under composition scheme
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- Custom Morale Hat Patches UK
- Trust case
- 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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
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
