fixed asset purchased but not entered
This query is : Resolved
20 March 2008
hi all,
a fixed asset was purchased i.e.29.11.2006 but due dispute with bank the paper of that asset was not received till 10.12.2007 know the problem is that how to enter that bill in the books of accounts in 2007-2008 yr.
Wheather we can claim Deprication and other repair & Running expenses on that asste in this 07-08 yr of 06-07.
Thanks & Regards
Vipan Kumar
a fixed asset was purchased i.e.29.11.2006 but due dispute with bank the paper of that asset was not received till 10.12.2007 know the problem is that how to enter that bill in the books of accounts in 2007-2008 yr.
Wheather we can claim Deprication and other repair & Running expenses on that asste in this 07-08 yr of 06-07.
Thanks & Regards
Vipan Kumar
20 March 2008
You have to book the asset and claim depreciation for both the years.
As regards depreciation for the previous year, a note has to be given.
As regards depreciation for the previous year, a note has to be given.
20 March 2008
on which date we should enter asset in our book & what about fuel & maintannance expenses
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
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
