Easy Office
Easy Office

Capitalisation of fixed assets

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 June 2012 Expert,
Whether insurance paid at the time of purchase of car will be capitalised in the value of Car or will be treated as revenue exp
?
Profile Image

C.A Anshul Singhal

Profile Image

C.A Anshul Singhal (Expert)
12 June 2012 processing charges & Stamp duty should not be Capitalized . It' Transfered to P\L A/c.
But Accessories,Insurance charges, life tax should be Capitalized.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links