capital or revenue exp.
This query is : Resolved
29 January 2011
For accounting purpose,the amount paid for change in R.C & number of a vehicle is a capital or revenue exp? Pl. provide reason in support of your answer.
Thanks in advance.
Thanks in advance.
29 January 2011
Capital exp. if new vehicle is purchased all exp i. e. RC, ROAD TAX AND INSURANCE WOULD BE CAPITALIZED
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