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Air Condition

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(Querist)
08 April 2011 A Propritor has purchased A.C. Rs.26000.00 and its installed at his Home.

his Prop.Shop is not in his home its away from his house.

Can the Air Cond A/c capitilised as fix asset OR Shown to Drawing.

Please Reply.
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CA Ganpat Singh Rajpurohit

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CA Ganpat Singh Rajpurohit (Expert)
08 April 2011 can not capitalised
shown to drawing only.

bcz. personal expenses can not charge to business.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
08 April 2011 Theoretically it should be drawings but practically ...............
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 April 2011 also it will be drawings

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