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p&l a/c

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Working professional
34 Points Posted on 29 January 2019
what can I do with motor car expenses in p&l a/c
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On 29 January 2019 at 15:06 Report
Replies (9)
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Team Lead
7558 Points Posted on 29 January 2019
show it as repairs and maintenance
30 Reply
On 29 January 2019 at 15:30
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Working professional
34 Points Posted on 29 January 2019
add with motor car...then depreciate it?
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On 29 January 2019 at 15:39
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Article
698 Points Posted on 29 January 2019
no you can't add unless expenditure is of capital nature
4 Reply
On 29 January 2019 at 15:47
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Working professional
34 Points Posted on 29 January 2019
so what can I do with motor car expenses in single entry system
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On 29 January 2019 at 16:04
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Article
698 Points Posted on 29 January 2019
reduce capital and cash
4 Reply
On 29 January 2019 at 16:31
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33 Points Posted on 29 January 2019
if it is capital nature expenditure than you have to capitalize that with the motor car value, in case if it is revenue expenditure than you reduce your cash/bank and and increase the expenses...
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On 29 January 2019 at 20:48
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CA
3430 Points Posted on 02 February 2019
agree with aashish bansal sir
14 Reply
On 02 February 2019 at 22:01
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Student
33 Points Posted on 02 February 2019
what if i change the engine of the car...whether i have to capitalize it or treat as revenue expenditure
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On 02 February 2019 at 23:12
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Team Lead
7558 Points Posted on 03 February 2019
engine wud enhance the lIfe of the car. hence it should be capitalized and depreciation can be claimed
30 Reply
On 03 February 2019 at 08:04


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