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.
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