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(Querist)
06 February 2011 how should one post this transaction? the total cost for this was Rs. 95,000 as it was made of aluminum (incl. fixing cost) should this be taken into assets. if so, under what head? pls. let know.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
06 February 2011 It may be taken as Fixed Asset under the head Furniture & Electrical Fittings.
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Denis

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Denis (Querist)
07 February 2011 hi Paras, thanks..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 February 2011 yes. it can be treated as Fixed asset
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Denis

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Denis (Querist)
10 February 2011 i have taken it in FA but under facilities. is that fine. with 10% depr.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 February 2011 Better transfer it to F&F by changing its head from Facilities.
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