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Additions to Car(fixed asset)
I am facing a problem relating to asset - Motor car. The car was purchased 3 years back, but some wrongs ways was taken to pay less octroi charges. But the same is now recognized by Govt and some 3,00,000/- is paid now as Octroi. Whether such octroi should be added to or debited to fixed asset?
Replies (1)
3,00,000/- you can capitalise.
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