FBT
This query is : Resolved
27 August 2009
hi,
i have a little problem in capitalizing an asset.during the financial year the company had purchased a mobile phone for Rs.19500 and the amount had been charged through telephone expenses and the company has paid F.B.T for the amount too.what should be done now?
i have a little problem in capitalizing an asset.during the financial year the company had purchased a mobile phone for Rs.19500 and the amount had been charged through telephone expenses and the company has paid F.B.T for the amount too.what should be done now?
27 August 2009
Capitalise the asset . To the extent FBT adjust it with FBT on other expenses.
27 August 2009
you may do so.
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