Prepaid insurance for car
gaddala ramesh (163 Points)
25 May 2023
prepaid insurance of car is capital or expenduture, pls explain
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 25 May 2023
Prepaid Insurance for Car is Capital expenditure, and will be shown Asset side - Balance sheet.
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