Car insurence is revenue or capital exp.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2016
Dear Experts,
I have shown car in assets and i have paid Rs. 5670/- for this car insurence please clarify weather this car insurence is revenue or capital expenses,
Regard
Sunil
I have shown car in assets and i have paid Rs. 5670/- for this car insurence please clarify weather this car insurence is revenue or capital expenses,
Regard
Sunil
18 October 2016
It is revenue expenditure.
Thanks.
Thanks.
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