Capital & Revenue
This query is : Resolved
08 March 2011
We purchase on Printer for Rs. 10000/- from Vendor along with the printer one cartidge price Rs. 4000 was given free of cost & one additional cartridge was given @ 50% discount i.e of Rs. 2000/- the bill made by vendor is as follows
Printer Rs.10000/-
Cartridge with printer ( Free ) Rs.4000/-
Additional Cartridge Rs. 4000/-
Total Bill Rs. 18000/-
Less Discount 6000/-
Net Payable Rs. 12000/-
Pl. Tell me what would be the amount to be capitalized in my books ?
What would be the amount to be shown in P & L A/c.
Printer Rs.10000/-
Cartridge with printer ( Free ) Rs.4000/-
Additional Cartridge Rs. 4000/-
Total Bill Rs. 18000/-
Less Discount 6000/-
Net Payable Rs. 12000/-
Pl. Tell me what would be the amount to be capitalized in my books ?
What would be the amount to be shown in P & L A/c.
JIGAR DALAL
(Expert)
09 March 2011
CApitalised with Rs. 10000/- and rs. 2000/- towards cartidge will be debited to Stationery & Printing Charges
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