HI Everyone,
Our company purchased a mobile phone for our Managing director. Since Its a company property, we capitalised the same in our books of accounts.
My Query is, Do we need to capitalise the insurance amount also?
Thanks in advance.
Shib
HI Everyone,
Our company purchased a mobile phone for our Managing director. Since Its a company property, we capitalised the same in our books of accounts.
My Query is, Do we need to capitalise the insurance amount also?
Thanks in advance.
Shib
No, its revenue expenditure
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
