Easy Office
LCI Learning

Fixed Assets

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 March 2011 Dear All,

My Company has purchased Gas Cyclinder for cooking purpose? my query is whether this gas cylinder is to be capitalised or not? and if yes then in which head?

Just Reply soon........
Profile Image

CA.Yogesh Patel

Profile Image

CA.Yogesh Patel (Expert)
03 March 2011 If u are using the gas cylinder for the purpose of business then u can capitalise the expenditure under the head of plant and machinery.
Profile Image

Manmohan ACA, CS

Profile Image

Manmohan ACA, CS (Expert)
03 March 2011 capitalise the expenditure including cost of cylinder
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA Punit

Profile Image

CA Punit (Expert)
03 March 2011 i suppose u've purchased the gas in (with) the cylinder & not the cylinder itself...

if it is so.. then no capitalization.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links