Urgent help needed
This query is : Resolved
Sreejith. M
(Querist)
10 November 2015
We have purchased Philips Led 10 Nos. for using in false ceiling and 1 cost around Rs.4200/- and total Rs.42000/- My question is I have to capitalize it or show as expense. If expense on which head. Thanks
Amol S Joglekar
(Expert)
11 November 2015
it can be treated as revenue expenditure, no issues.
Sreejith. M
(Querist)
11 November 2015
Thanks Sir, expense head please
Amol S Joglekar
(Expert)
12 November 2015
lighting, heating charges or some such suitable head will do
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