I want to know whether purchase of Capital Goods and Service on it has to be capitalized or not?. for eg.: Purchase of Air Condition Machine and AMC on that has to be capitalised or not, whether the same has to be expense out .
Bhavesh (Accounts) (156 Points)
20 November 2018I want to know whether purchase of Capital Goods and Service on it has to be capitalized or not?. for eg.: Purchase of Air Condition Machine and AMC on that has to be capitalised or not, whether the same has to be expense out .
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 21 November 2018
Shobhit Jain
(CA)
(4894 Points)
Replied 21 November 2018
| Originally posted by : RAJA P M | ||
 |
Air Conditioner can be booked under Asset head. But, AMC accounted in PandL account... |  |
Agreed
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