How to show in accounts head - purchase of god statue?
This query is : Resolved
Querist : Anonymous
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.
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
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
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
OM SAI SRI SAI JAI JAI SAI
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