15 January 2011
Respected Expert, I want to know which type of item booked for capital item is any AS mentioned the particular value for capitalized the item like above 5000 amount value item only capitalized, Kindly clear my doubt.
15 January 2011
Accounting standard -10 Fixed assets gives a guide to treatment of fixed assets. Rs.5000 limit is fixed in Companies act.so refer AS-10 fully for fixed asset capitalisation and accounting
CAclubindia
