Capital or revenue expenditure
This query is : Resolved
Madhav Krishna
(Querist)
19 January 2017
Purchase of electrical cables are capital or revenue expenditure?
CA Suresh Jain
(Expert)
19 January 2017
As a thumb rule, If it is for new installation, it is Capital Expenditure and if is for repairing of existing one , it is revenue Expenditure
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Madhav Krishna
(Querist)
19 January 2017
if it is a new istallation,is it accounted under head office equipment
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