I CANT UNDERSTAND THIS-PLZ HELP

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Going...to be C.A soon...

1055 Points Posted on 08 April 2009

DEAR ALL,

THE REPLACING COST OF A TUBE LIGHT WOULD BE CAPITAL OR REVENUE EXP???

THE REPLACING COST OF 15 TUBE LIGHTS WOULD BE CAPITAL OR REVENUE EXP??

DIFF. BETWEEN BOTH OF THEM??

IF WE HAVE RECEIVED FAKE NOTES THEN HOW TO TREAT THIS IN ACCOUNTS???

HOW TO TREAT CASH EMBAZZLEMENT/THEFT IN BOOKS OF ACCOUNTS??

PLZ RESOLVE THE QUERIES!

THANKS

Replies (1)

self employed ca final student

36 Points Posted on 14 April 2009

replacement of tube lites is a revenue exp........

loss arisess due to fake/theft can be transfr to a account,say cash suspense account and at d end of year charge ot to p/l account

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