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Misc. Exp.

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(Querist)
18 August 2009 How much maximum amount shown in Misc. Exp. a/c.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
18 August 2009 there is no limit. keep it little as you can
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MAHESH

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MAHESH (Querist)
18 August 2009 can i entered in misc exp. a/c for machine tools purchase from shop?
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
18 August 2009 I think Its depends upon your Business & amount.How much you are giving for tools ?
If you used your machine in any Production, then you have to take the tools expense as small assets of your business.if its your onetime investment otherwise you can take this exp.as misc. exp.
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MAHESH

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MAHESH (Querist)
18 August 2009 Rs.950/- on below Rs.950/- & It is used in production for machine which we sale to other.
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