Purchase of desktop computer (asset)
This query is : Resolved
Aashish Soni
(Querist)
09 January 2013
Dear,
Our company has purchased a Desktop Computer from a Store by paying full payment.
The store gave us a Quotation and was approved and payment worth Rs. 23,500.00 was made in that respect.
Kindly suggest if this can be treated asa cash expense to buy a FA and the Entry if treatment is otherwise.
Our company has purchased a Desktop Computer from a Store by paying full payment.
The store gave us a Quotation and was approved and payment worth Rs. 23,500.00 was made in that respect.
Kindly suggest if this can be treated asa cash expense to buy a FA and the Entry if treatment is otherwise.
CA Lokesh Pokharna
(Expert)
09 January 2013
If its a fixed assests for your business concern then it will not be disallowed...........
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