Car tyre expenses nature
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 September 2014
Dear Experts,
ABC LTD have a Car purchased 2 years back AND today incurred Rs. 9000 for its new tyre purchase,I want to know that said expenses fall in which category whether it is a revenue expenditure or its a capital nature expenses.
Thanks
ABC LTD have a Car purchased 2 years back AND today incurred Rs. 9000 for its new tyre purchase,I want to know that said expenses fall in which category whether it is a revenue expenditure or its a capital nature expenses.
Thanks
09 September 2014
It is revenue expenditure under exp. head of 'Vehicle Expenses'
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09 September 2014
Revenue expenditure. You can show it as vehicle expenses as suggested by Learned Expert or Repairs to vehicle.
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