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This query is : Resolved
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.
CA PARAS BAFNA
(Expert)
06 February 2011
It may be taken as Fixed Asset under the head Furniture & Electrical Fittings.
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CMA Ramesh Krishnan
(Expert)
09 February 2011
yes. it can be treated as Fixed asset
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10 February 2011
i have taken it in FA but under facilities. is that fine. with 10% depr.
CA PARAS BAFNA
(Expert)
12 February 2011
Better transfer it to F&F by changing its head from Facilities.
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