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Querist : Anonymous

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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.
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Ganeshbabu K

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Ganeshbabu K (Expert)
26 May 2013 battery purchase is revenue expenditure.
can be booked under maintainance charges
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
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
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 June 2013 Yes. can be debit as revenue expenditure
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
14 July 2013 Yes it is a revenue expenditure and I agree with all the experts
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