Furniture Capital assets purchased in FY 2022-23 but not put to use in FY 2022-23.
My question is that whether furniture to show under Property plant and Equipment as fixed assets or Capital work in progress on 31st march.
Capital assets in transit on 31st March
capital assets in transit on 31st March,
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date of invoice or date of receipt of capital assets.
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SUNIL
Transit asset
Sir,
Please suggest the treatment of transit asset as on 31st March.
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whether Pre-operative Exp. Should be capitalized with related Fixed Asset/machine.
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Furniture Capital assets purchased in FY 2022-23