Car Battery Accounting Head
This query is : Resolved
Harikrishnan
(Querist)
23 October 2019
Sir/Madam,
Bought a Car Battery can I treat Battery as my Fixed Asset
Bought a Car Battery can I treat Battery as my Fixed Asset
23 October 2019
No, book it under repairs and maintenance
Harikrishnan
(Querist)
24 October 2019
Pressure pump 1HP can I treat fixed asset
24 October 2019
Car battery cannot be capitalized and it is to be accounted under repair and maintenance of vehicle. Regarding purchase of pressure pump,the purpose of procurement is required to give answer to your query
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