How to show in accounts head - purchase of god statue?


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2012 when a businessmaen purchased a God Statue for rs.40000 /- for the moral support of faith of the employees.

how this exp is to be treated ?

is it write off in p & l account?

or it can be shown under furniture & fixture.

16 March 2012 As per my view it is personal expenses and it would be debit to the capital account.
OM SAI SRI SAI JAI JAI SAI

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2012 IF THIS EXP INCURRED BY THE COMPANY?

16 March 2012 Then it would be inadmissiable if it debited to the P&L account. Better to show in Furniture and fixers but don't claim Depreciation on it.
OM SAI SRI SAI JAI JAI SAI


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