Query

suresh (------) (43 Points)

28 March 2011

purchase of water purifier - UV techonology45000 comes under which head , Pls let me know.

Reply
Follow
Share

6 Replies

C.A. Sandeep Wawhal (CA, PGDFM, BCom) (1831 Points)
Replied 28 March 2011

It should be come under fixed asset. Because it is capital revenue expenditure.

Devendra (Chartered Accountant) (4775 Points)
Replied 28 March 2011

To be capitalized.

Vikas Marele (CA in Service) (1144 Points)
Replied 28 March 2011

Ya its a Fixed Asset. You can also sub classified it under - Staff Welfare Equipments.

(Guest)

it comes under the head fixed assets.

pujesh (article) (27 Points)
Replied 29 March 2011

ya its comes under Fixedd asset......

hence it should be capatilised

CA. Santosh Prajapati (Practice) (97 Points)
Replied 29 March 2011

Dear Suresh,

Its depend upon the life of the assets,

If the life of the assets is more than one accounting year than it has to be capitalized, otherwise charged p&l a/c

Start a New Discussion