Regarding account head
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2015
please clarify the accout head for following items
Weighing Machine
Clock
Water Purifier (Capital or Revenue)
CCTV Camera With Installation (Cost 6 Lac)
Air Conditoner (Capital Or Rev)
Ceiling Fan (40 Nos)
all the above items use for Club House it comes under Club HOuse (Captial Account)or different account head please advice
Weighing Machine
Clock
Water Purifier (Capital or Revenue)
CCTV Camera With Installation (Cost 6 Lac)
Air Conditoner (Capital Or Rev)
Ceiling Fan (40 Nos)
all the above items use for Club House it comes under Club HOuse (Captial Account)or different account head please advice
Amol S Joglekar
(Expert)
25 February 2015
They are CAPITAL items for club house.
You can open the account head in the respective names viz. weighing machine, Clock, Water Purifier and so on so forth
You can open the account head in the respective names viz. weighing machine, Clock, Water Purifier and so on so forth
25 February 2015
clock can be expensed to profit and loss a/c and rest all items to be capitalised.
25 February 2015
Unlike Companies Act 1956, Companies Act 2013 does not specify any monetary limit upto which an Fixed Asset can be charged to P/l A/c.
So all items mentioned above should be capitalized.
So all items mentioned above should be capitalized.
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