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.
Ganeshbabu K
(Expert)
26 May 2013
battery purchase is revenue expenditure.
can be booked under maintainance charges
can be booked under maintainance charges
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
CMA Ramesh Krishnan
(Expert)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
