04 May 2010
SIR IF WE PURCHASE A BATTERIES FOR (5800)PERSONAL USE WITH 13.5% TAX.. IN CASH . THAN SIR WILL I SHOW THIS ENTRY IN PURCHASE MODE(F9). OR IN JOURNAL MODE (F7).AS PAR MY KNOWLEDGE THIS ENTRY SHOW IN JOURNAL MODE(F7) FURNITURE & FIXTURE A/C DR.5800 TO CASH 5800 SIR IS THIS ENTRY IS CORRECT IF WRONG THAN SIR CLEAR MY DOUBT. THANKS IN ADVANCE REGARDS RAJEEV(A/C)
04 May 2010
yes i agree to both.. Moreover can you tell me which kind of battery is that.. Also 5800 is very small amount and if company has turnover of more than 15-20 lacs than its better to expense out and not capitalised...
CAclubindia
