Easy Office
Easy Office

Asset or not

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(Querist)
13 June 2017 An 70 furniture items was bought for 3000 rupees each whether it should be treated as Revenue expenses as each item is below 5000 Rs or should treat as asset as cumulative
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
13 June 2017 For it purpose it is assets
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
13 June 2017 Always considered as assests
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Mopidevi Bharadwaja

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Mopidevi Bharadwaja (Querist)
13 June 2017 Thank you mam for the answer
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
13 June 2017 Pleasure is all mine

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