CA Gaurav Ajit Potdar (Chartered Accountant) (846 Points)
24 December 2012A Pvt Ltd Co. Purchased a Television worth Rs 120000/- which is installed in Directors cabin, wether the same should be shown as Fixed Assets under office Equipments or it should be expensed out?
CA CS Chirag
(Practicing CA)
(834 Points)
Replied 24 December 2012
you should capitalised it as office equipments
Gururaj V Megharaj
(IPCC)
(70 Points)
Replied 24 December 2012
Should be shown as Office Equpiments under Fixed Assets..
CA Paritosh Jaisalmeria
(Doing CFA-USA)
(90 Points)
Replied 24 December 2012
Definately, it will be capitalised.Refer Section 37(1)
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