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22 August 2014 A co. has bought a new car & has paid car registration charges for the same. Should Registration charges paid should be adde to the cost of car (i.e. Fixed Asset) or should it be expensed to P&L.
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Vishnu Saboo

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Vishnu Saboo (Expert)
22 August 2014 yes, registration charges also must be capitalized.
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Rupesh Jain

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Rupesh Jain (Expert)
22 August 2014 yes it is include in cost of car.
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Vaibhav Sharma

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Vaibhav Sharma (Expert)
23 August 2014 Expect insurance registration charges include in f.a cost

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