generator purchased
This query is : Resolved
14 July 2011
I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs 13000 due to overload of truck .so I want to ask that can i capital that challan amt. in generator cost ? if no where i can book that cost in my account. reply fast.
14 July 2011
This kind of penalty, not forming part of cost of assets
15 July 2011
sir i am not satisfied with your answer because you did'nt give full solution to my query
15 July 2011
Please refer AS-10 for capitalization of fixed assets, Transportation cost can be part of fixed assets,but the nature of penalty may not be
15 July 2011
sir if i can't book that amount in generator cost where i can book that amount in my account book
16 July 2011
This is a kind of penalty so you can not take any benefit of it.
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