journal entry
This query is : Resolved
06 September 2010
Respected Experts pleese guide me IF WE REPLACE THE FRONT BOARD AND FLEX OF THE FRONT OF THE SHOWROOM THEN WHAT SHOULD WE TREAR IT " AS CAPITAL EXPENDITURE" (FURNITURE AND FIXTURE) OR "REVENUE EXPENDITURE"(OFFICE EXPENSES)
06 September 2010
whats the amount.... if its less than treat it as revenue or else capitalise it....
07 September 2010
amt is Rs8500/-
07 September 2010
if your turnover is above 5-6 lacs than dont capitalise.....
Just have Maintenance exp head in P&L account... Auditors wont bother for it...
You can capitalise if you need but for such amount i will advice not to do it...
Just have Maintenance exp head in P&L account... Auditors wont bother for it...
You can capitalise if you need but for such amount i will advice not to do it...
07 September 2010
Our annual turnover is over 8 crore
07 September 2010
expense out... dont capitalise....
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07 September 2010
Thanks a lot sir
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