Fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2013
Purchase of Mobile phone and Music System can be accounted as Fixed Assets?
25 February 2013
it depends, if amount is less then 5000 then no need to capitalise.
but if more then it can be capitalised
mobile and music system both can be office equipments
if there is guest house then music system can be capitalised in furniture and fixture of guest house also
but it depends on use
but if more then it can be capitalised
mobile and music system both can be office equipments
if there is guest house then music system can be capitalised in furniture and fixture of guest house also
but it depends on use
Message likes :
1 times
Guest
Guest
(Expert)
25 February 2013
GENERALLY,
MOBILE PHONE SAND MUSIC SYSTEMS HAVE BEEN TREATED AS FIXED ASSETS.
MOBILE PHONE SAND MUSIC SYSTEMS HAVE BEEN TREATED AS FIXED ASSETS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
