If a car is purchased for personal use, insurance & interest on car loan paid will be capiatlised or debited in capital a/c?
If a car is purchased for personal use, insurance & interest on car loan paid will be capiatlised or debited in capital a/c?
If car used for personal use than related that car insurance and interest on the car loan should be treated as drawings of the owner.
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
