Fixed assets
This query is : Resolved
Rakesh KUmar
(Querist)
20 June 2013
Dear sir
I have purchase a New car for Rs. 579973.00 and the first insurance charge is 17012.00 Total amount paid by me is 579973+17012=596985. Now my question is which amount i debit in books in the head of fixed assets as Car? 579973.00 or 596985.00
I have purchase a New car for Rs. 579973.00 and the first insurance charge is 17012.00 Total amount paid by me is 579973+17012=596985. Now my question is which amount i debit in books in the head of fixed assets as Car? 579973.00 or 596985.00
CA UMESH DULAL
(Expert)
20 June 2013
579973+registration cost
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