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Accounting Treatment
Battery purchased for car will be capitalized or transferred to profit and loss account?
Replies (5)
To be transferred to Profit and loss
do accounting based on more than or less than 12 months criteria.
Yes... I agreed to Mr Piyush Shirodkar.,
To be accounted in PandL account as Vehicle Maintenance head...
To be accounted in PandL account as Vehicle Maintenance head...
Agreed to Bhavik soni
At the time of Purchasing the Car WITHOUT BATTERY ( and Tyre, Steering, Seat Covers and etc) then It ll be treated less 6 months or more than 6 months...
IN CASE the Car Purchased with BATTERY (and Tyre, Steering, Seat Covers and etc) then It's already booked as Fixed Asset... Now old one is removed and new one is added then it's treated R&M and to PandL...
IN CASE the Car Purchased with BATTERY (and Tyre, Steering, Seat Covers and etc) then It's already booked as Fixed Asset... Now old one is removed and new one is added then it's treated R&M and to PandL...
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