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Expense head
company (which sells books, softwares) has purchased tablet for testing application and for giving demo. so tablet comes under which head..fixed asset or expense..if expense then which expense?
Replies (3)
Data Processing Equipment - Computer - Asset.
Are you sure??..if yes then whats d reason behind ur answer
I have no specific reason as to why yes. My answer was based on the general logic accepted. But would be glad to know why it is to be classified as an expense.
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