Dear sir;
vehicle registration charges is expenditure or Fixed Asset ????
It is a part of cost of the vehicle and hence an asset.
| Originally posted by : Sourav | ||
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But maan registration charges will be treated as an expenditure na?? |  |
As I understand, all the costs associated in bringing the asset to operation is part of acquisition. In this case, since the vehicle cannot run without being it registered, it is a part of cost of acquisition.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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