EASYOFFICE
EASYOFFICE

Capital expenses and revenue expenses in one invoice.

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 June 2015 "I have a Invoice, I which our company purchased some Computer Equipment of
both Capital in nature and Revenue in nature.

The Invoice is with VAT & discount.

Should I will first bifurcate the revenue and capital expenses including VAT after
that I will account the same ?

How i will treat the total amount of discount on the Invoice ?

Please help.
"
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 June 2015 Yes you have to bifurcate the invoice including VAT and discount(proportionately) and account it.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
04 June 2015 you can take discount on specific if mention otherwise discount and vat on proportionate.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links