Question

If we change the tyre of car so its capital expenditure or revenue expenditure..??

Answer 1

Answer:

As all types are new and it will increase the life of car. 25 November 2011 it would be debit to P&L A/c because tyres increases the life and running capacity of car but not the capacity (like either setting or load) of the car increase this there is no any capital expenditure so written off as expenditure of Rs.