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Accounting treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 January 2013 my company purchased 3 room heater of 4355 each..kindly let me know the accounting treatment..
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CA Priyank Singhi

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CA Priyank Singhi (Expert)
08 January 2013 You can either treat it as an expense and charge it to PL directly or treat is a Fixed Asset and claim 100% depreciation on the same as your Fixed Assets are less than Rs. 5000/- individually. In either case your tax liability would be the same.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
08 January 2013 these should be charged in P &l
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