office Euipment or Printing and stationery

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ravinder singh rawat (Querist)
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18 December 2008 Dear experts,

we have purchased a notice board amount Rs.600/- for office now i am feeling some confusion about its cost category nature its part of Printing & Stationery or Office Exp or anything else ???

Thanks

Rakesh R Kabra

Rakesh R Kabra (Expert)
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18 December 2008 Office Expenses

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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18 December 2008 Office expenses and you can also add this to Furniture and fixtures.

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CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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19 December 2008 may be treated as revenue expenditure under the head of Office Expenses. However, it may be capitalised as item of Furniture and Fixtures in a case the cost incurred is substantial and it will give an enduring benefit for a longer period.