How can pass the business car's tyre purchase
How can pass the business car's tyre purchase
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.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
