Capitalization or expense
This query is : Resolved
27 June 2021
I need to ask that that we have purchased stabiliser for office use. What is the head to be opened for this in booking in books.
2. If we purchase the laptop and mobile battery in the same bill. We capitalise the both the item ( laptop & battery) or expense battery & capitilise laptop.
2. If we purchase the laptop and mobile battery in the same bill. We capitalise the both the item ( laptop & battery) or expense battery & capitilise laptop.
27 June 2021
Laptop may be capitalized.
Battery for phone seems like a replacement and the same may be treated as an expense.
Stabilizer (if the value of insignificant) may also be treated as an expense.
Battery for phone seems like a replacement and the same may be treated as an expense.
Stabilizer (if the value of insignificant) may also be treated as an expense.
27 June 2021
What is the suitable head to be kept for purchase of stabiliser ( value is Rs 2500 Only).
And in the same bill the laptop and battery is purchased. In that case also we need to expense and capitalised. Pls support with your valuable answer
And in the same bill the laptop and battery is purchased. In that case also we need to expense and capitalised. Pls support with your valuable answer
28 June 2021
Expenses off Stabiliser under office repair & Maintenance.
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