Please advise me the Battery purchased for invertor should be taken under office equipment or repair and maintenace expenditure.
Please advise me the Battery purchased for invertor should be taken under office equipment or repair and maintenace expenditure.
If it's replacement then post it to P&L else it needs to be capitalized.
It should be capitalized
its a typpe of recurring expenditure so you can take it as repairs and maintenance
reapirs and maintenance
If the battery life of time is morethan one year hence need to be capitalized for the respective asset.
Aggarwal Sarawagi and Co
New Delhi
CA
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
