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Purchase of mobile

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2013 A mobile phone of Rs.34500/- was purchased a few days back and the amount was claimed from Cash in Hand. Should I show it in the Fixed Assets or General Expenses?
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NareSh

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NareSh (Expert)
03 January 2013 It is crosed the maximum amount of Rs.5000/- hence it should be shown as fixed assets only.
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@VaibhavJ

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@VaibhavJ (Expert)
03 January 2013 hey

should be capital exp only. If you claim revenue exp then it exceeds 20K

Thanks!!
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