what will be the accounting entries for new fire alarm, fiber and cctv camera installation in building?
Bhartesh Nare (0 Points)
19 June 2021what will be the accounting entries for new fire alarm, fiber and cctv camera installation in building?
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 June 2021
Add them to PPE if they are used in production
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 19 June 2021
It can be capitalised as office equipment. You may avail ITC and the net value can be accounted as fixed assets.
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 19 June 2021
| Originally posted by : CMA Poornima Madhava | ||
 |
It can be capitalised as office equipment. You may avail ITC and the net value can be accounted as fixed assets. |  |
Capitalise as office equipment or plant and machinery as applicable
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