INVESTMENT OR FIXED ASSESTS
This query is : Resolved
18 July 2020
I have purchased a car worth Rs.700999 on 19.10.2019. Is it investment (since it is within a year) or fixed asseste? If investment, will the amount deductable from capital fund through drawing?
18 July 2020
CAR IS CAPITALISED UNDER FIXED ASSET.
NOT DEDUCTED FROM CAPITAL
NOT DEDUCTED FROM CAPITAL
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