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is it compulsory to record capital goods as asset in B/S???

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2010 can we record expenses on purchase of capital goods as revenue in P&L a/c
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
31 July 2010 If ur auditor is ok with it then be it.

Ask for ur auditor for the same.

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