Capitalisation

badrinath r (manager) (24 Points)

31 May 2013  

hi,

we are procuring hand  wooden pallets, ms pallets ,plastic bins ,crates,bobbins , ring frame etc snce ours is textile industry

the value of each item is less than 5k but we buy in thousands, hecne the value will be in range of 60 to 80 lacs per year

should we capitalise this or can it be charged off , pls advise

if yes what would be the best or appropriate head of a/c

tks/badrinath