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I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE
(LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.

Question Posted / dilshad_sanjay


I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR N..

Answer / narasimha rao

insurance charges on purchase of vehile is capitl
expenditure because the vehile is fixed assets and use for
a longer period of time

Is This Answer Correct ?    3 Yes 0 No

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