Vehicle fuel capital expenditure
Atharv Sankliya (1354 Points)
07 October 2022
If first time petrol/fuel is filled in new purchased vehicle so is it captial expenditure?
3 Replies
Vasudevan C P
(403 Points)
Replied 07 October 2022
Not. its revenue exp. Expenses incurred viz. cost of car, Taxes, insurance, spare parts etc on puchase of car to be capitalised.
Atharv Sankliya
(1354 Points)
Replied 09 October 2022
Why although this expenses is incurred before ready to put to use
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