Purchase of cordless mouse
This query is : Resolved
27 October 2015
Purchased cordless mouse of Rs2300/- I have to capitalize it in computer or have to show as expense ? Thanks
27 October 2015
In my view it should be capitalized under Computer. Under Companies Act 1956 Fixed Asset upto Rs 5000/- could be expensed off. In Schedule II of Companies Act 2013 there is no such provision.
Alternative as an accounting policy you can charge to PL asset upto a decided amount say Rs 5000 or Rs 10000 through a disclosure in notes to accounts.
Alternative as an accounting policy you can charge to PL asset upto a decided amount say Rs 5000 or Rs 10000 through a disclosure in notes to accounts.
27 October 2015
I will suggest better to expense it..as its really tough to maintain huge no of low cost assets
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