How can pass the business car's tyre purchase
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How can I pass the entry for business car Tyre purchase
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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.
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