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.
R P S K & Associates
Nashik
CA Inter
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Aggarwal Sarawagi and Co
New Delhi
CA
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O P Bagla & Co LLP
New Delhi
CA Inter
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