Menu
TAB S8 ULTRA 12/256 LTE
What will be Accounting treatment & proper head for TAB Purchase??
Replies (2)
Quick Summary
If Invoice is in the name of Business pass following entry
TAB ( Ultra ) A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Trade Creditors A/c Cr
( Purchase of new TAB for Business purpose)
TAB (Ultra) will be under head Non Current Assets/ Fixed assets, Balance sheet.
TAB ( Ultra ) A/c Dr
Input CGST A/c Dr
Input SGST A/c Dr
To Trade Creditors A/c Cr
( Purchase of new TAB for Business purpose)
TAB (Ultra) will be under head Non Current Assets/ Fixed assets, Balance sheet.
Throw it into capital account if its personal
else record it as business asset and take depreciation @ 15.
else record it as business asset and take depreciation @ 15.
Recent Topics :
- Self assessment tax paid not reflected in ITR2 fil
- Tax on nps corpus
- Tired converting GSTR-1, 2B & 3B to Clean Exce
- TDS on under construction property not deducted
- GST on Fixed Assets
- GST ITC april 22
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
Related Topics :
CAclubindia
