chirag (student) (37 Points)
05 April 2010In Fixed assets as per Schedule VI, can i club 2 similar kinds of assets having 2 different rates of depreciation under the same head.
For eg.
If I have office equipment depn at 15%, and mobile with 50% depn, can I club both of them under Office Equipment for the final disclosure?
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 05 April 2010
Yes, U can booked the same assets under the head "Office Equipment".
regards,
ratan
CA KHAN AURANGZAIB
(ERP FINANCIAL CONSULTANT)
(85 Points)
Replied 05 April 2010
Yoy can book under the same head, but it ill be conveniet to create seperate head, so that you can segerate easily at the time of finalization of your books of accounts.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA)
(8311 Points)
Replied 19 May 2010
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