Capitalisation or expense
This query is : Resolved
25 October 2012
a company purchased a mobile in last year it is shown in asset side of balance sheet but this year it has purchased a mobile charger worth rs 400.it will be added in the mobile value or it is shown as expense in p&l a/c.pls reply
.
.
25 October 2012
Mobile & charger are independent. charger can be debited as expenses as Consumables
25 October 2012
Debit to the P&L A/c because of it doesn't increase the capacity of cell phone.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
26 October 2012
It is revenue expenditure.
18 September 2013
A COMPANY HAD PURCHASED A CAR IN 2011 . DURING 2013 IT HAS PURCHASED A TYRE AND SOME OTHER ACCESSORIES FOR CAR .WILL IT BE EXP OR CAPITALISED AS IT IS A INTEGRAL PART OF ASSET?PLS REPLY
18 September 2013
Car accessaries can be debited as repairs & maintenance. no need to add to car value
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
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- CCFS 2026 Schemed
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
