How can pass the business car's tyre purchase
Menu
How can I pass the entry for business car Tyre purchase
Replies (1)
A purchase is expensed in AS
Tyre purchase a/c
To banks a/c
Now IndAS has revised PPE standard, you can capitalise the cost of tyre.... first der ignite the tyre cost irresoective of it being depreciated or not.... then add this new cost into the carrying amount of the PPE.
Recent Topic
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
Related Topics
CAclubindia
