Capitalization of expense
This query is : Resolved
19 February 2020
can we capitalize expenses like Logistics & delivery charges, TR amount for Vehicle??
and let me know the discount need to less from asset value or reduce from Maintenance of vehilce? which is correct way ??
and let me know the discount need to less from asset value or reduce from Maintenance of vehilce? which is correct way ??
19 February 2020
ALL EXPENSES RELATED TO NEW VEHICLE CAN BE CAPITALISED. discount should be reduce from asset value.
19 February 2020
The expenses related with the purchase can be capitalised. Discount should be reduced from the value
19 February 2020
they gave credit note. how to account for? need to reduce from asset?
19 February 2020
yes, you can do the same by reducing the value
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)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- What is meaning of cumulative method of interest
- Interest of FDs is taxable on an accrual basis also
- What is meaning of mismatch of group in accounting
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- 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?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
