Subsequent Registration Expense Accounting Treatment
This query is : Resolved
23 September 2024
What should be the accounting treatment for Subsequent Registration Expense of Car(under Fixed Assets) paid to RTO for 5 years. Will all the expense be recognised in PL in same year or should be amortised over 5 years.?
Dhirajlal Rambhia
(Expert)
23 September 2024
Amortize it for 5 years as expenses.
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