Depriciation
This query is : Resolved
23 June 2012
hi
in single invoice if 20,000 qty purchased @ 1.30/pcs , so total comes to Rs 26000/-
can u pls advise what will be the dep amt for asst year 12-13
rgds
piyush
in single invoice if 20,000 qty purchased @ 1.30/pcs , so total comes to Rs 26000/-
can u pls advise what will be the dep amt for asst year 12-13
rgds
piyush
23 June 2012
Purchases of revenue nature can directly be claimed as revenue expenditure. No Need to provide depreciation on the goods purchased for trading or manufacturing purpose.
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