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Car Battery Accounting Head

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(Querist)
23 October 2019 Sir/Madam,
Bought a Car Battery can I treat Battery as my Fixed Asset
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
23 October 2019 No, book it under repairs and maintenance
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Harikrishnan

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Harikrishnan (Querist)
24 October 2019 Pressure pump 1HP can I treat fixed asset
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A.S.SUNDARARAJANpro badge (Expert)
24 October 2019 Car battery cannot be capitalized and it is to be accounted under repair and maintenance of vehicle. Regarding purchase of pressure pump,the purpose of procurement is required to give answer to your query

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