ravindranath (student) (37 Points)
30 August 2011Hi,
Could you plz clarify the following issue??
Is there any instace of treating of capital expenditure as Revenue expenditure???
C.A. Sandeep Wawhal
(CA, PGDFM, BCom)
(1831 Points)
Replied 30 August 2011
Capital Expenditure is different from Revenu expenditure, and can not convert it from Capital Exp. to Revenu Exp. and vice versa .................
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 30 August 2011
capital expenditure( purchase of assets) when the amount is less than 5000/- is taken to direct debit from P/L in place of adding it to fixed assets and charging depriciation over it.
CAclubindia
