Capitalisation of expns

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Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2012 i have purchased a battrey for inverter worth Rs.8000. should it be capitalised and if yes under which head?

CA RICHA BADALIA (Expert)
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14 July 2012 Yes you can capitalize it .Add it to the inverter account and claim depreciation accordingly.

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2012 thnx richa..n is there any prob if i charge it as a revenue expns

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