First insurance on new car whether capitalise or not
This query is : Resolved
16 January 2013
Dear Sir/Ma'am,
Please suggest whether first insurance amount to be capitalised or debited to P&L.
If capitalise then why??
In such case whether prepaid to be booked??
Thanks in advance
Please suggest whether first insurance amount to be capitalised or debited to P&L.
If capitalise then why??
In such case whether prepaid to be booked??
Thanks in advance
16 January 2013
Insurance amt. not capitalised ,Insurance debited to P & L.Only Asset cost+fright charges (if any) + Installation charges (if any) you can Capitalised.
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