Insurance exp
This query is : Resolved
AJIT SINGH
(Querist)
13 December 2014
when insurance expense incurred on fixed assets at the time of purchase. should be booked as capital exp/revenue exp or it should be included in fixed asset cost
13 December 2014
It should be included in the cost of fixed assest and should be capitalized.
AJIT SINGH
(Querist)
13 December 2014
Thanks Sanjay sir.
reverting query if in the middle of business
insurance exp occurred on fixed asste
then what would be treatment
reverting query if in the middle of business
insurance exp occurred on fixed asste
then what would be treatment
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