How can pass the business car's tyre purchase
1 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 04 February 2021
A purchase is expensed in AS
Tyre purchase a/c
To banks a/c
Now IndAS has revised PPE standard, you can capitalise the cost of tyre.... first der ignite the tyre cost irresoective of it being depreciated or not.... then add this new cost into the carrying amount of the PPE.
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