Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2013
Dear Sir,
Inverter battery purchased for the shop will be shown in the balance sheet as a capital expenditure
or
it will be shown in p&l a/c as a revenue expenditure.
Please advise me.
Inverter battery purchased for the shop will be shown in the balance sheet as a capital expenditure
or
it will be shown in p&l a/c as a revenue expenditure.
Please advise me.
26 May 2013
battery purchase is revenue expenditure.
can be booked under maintainance charges
can be booked under maintainance charges
02 June 2013
Inverter battery is needed for uninterupted running of general maitainance of the business and wont help in generation of any extra revenue. Hence it cannot be said as captial asset and so it is revenue nature and according it should be debited in p/l account
23 June 2013
Yes. can be debit as revenue expenditure
14 July 2013
Yes it is a revenue expenditure and I agree with all the experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
