Capital expenses and revenue expenses in one invoice.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2015 "I have a Invoice, I which our company purchased some Computer Equipment of
both Capital in nature and Revenue in nature.

The Invoice is with VAT & discount.

Should I will first bifurcate the revenue and capital expenses including VAT after
that I will account the same ?

How i will treat the total amount of discount on the Invoice ?

Please help.
"

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

04 June 2015 Yes you have to bifurcate the invoice including VAT and discount(proportionately) and account it.

Rupesh Jain

Rupesh Jain (Expert)
Follow

04 June 2015 you can take discount on specific if mention otherwise discount and vat on proportionate.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ashok Atluri

T.N.Reddy

Jagadeesh GR

Arvind Sharma

Taxlet

Subscribe Now

Capital expenses and revenue expenses in one invoice.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANT

Article Assistant

GST CONSULTANCY

CA Final

Accountant