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
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