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Purchase of memory chip

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(Querist)
24 September 2013 Purchase of memory chip for office use, which types of expenses booked in books
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 September 2013 It shall be capitalised and added to computers and office equipments.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
24 September 2013 Agree with Tushar ji,
However, depending the nature of expense and its amount it can charge to P/L Accounts as an expense..
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