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
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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
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