Fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2014
A company has taken 10 i phones from reliance and agreed to pay Rs. 3000 pm for each mobile for 24 months towards mobile and usage charges. Can any one tell me whether it should be capitalized in books or should Rs.3000 per month (Rs.30000 for 10 mobiles) be debited to profit and loss account.
03 July 2014
It should b capitalised as per me. Capitalise it after ownership is transferred to the company after payment of last installment.
Well, other experts views should also b appreciated.
Well, other experts views should also b appreciated.
05 July 2014
if ownership tfr to you then amount agst for instrument will be capitalize .
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