Dear Sir,
If we paid purchase bill of Television Set for director, on bill seller mention directors name as a consignee. Should we Capitalised it.
Regards
Yogesh R U
Yogesh Uttekar (Accountant) (140 Points)
26 March 2009Dear Sir,
If we paid purchase bill of Television Set for director, on bill seller mention directors name as a consignee. Should we Capitalised it.
Regards
Yogesh R U
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 26 March 2009
It depends upon the treatment viz., gift.perks or as instructed by director it can be capitalised and due depreciations has to be maintained.
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