Booking of expenses incurred without work order during installation of asset.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2014
Dear sir,
Our company purchased one disel generater and some expenses incurred towards transportation & installation. There was no qotation or work order for the same. Can I book the expenses as capital expenses ?.
Our company purchased one disel generater and some expenses incurred towards transportation & installation. There was no qotation or work order for the same. Can I book the expenses as capital expenses ?.
06 December 2014
Even if there was no quotation or work order, the expenditure will be capitalized. There is no requirement of quotation or work order for capitalizing the expense.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- TCS ON SOFTWARE SALES
- TDS RATE ON RENT PAID TO NRI
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- Gstr 9 2023-24
- GST Form ADT-02
- Reporting of savings account interest income
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
