we have purchased a notice board amount Rs.600/- for office now i am feeling some confusion about its cost category nature its part of Printing & Stationery or Office Exp or anything else ???
19 December 2008
may be treated as revenue expenditure under the head of Office Expenses. However, it may be capitalised as item of Furniture and Fixtures in a case the cost incurred is substantial and it will give an enduring benefit for a longer period.
CAclubindia
