Prize

I bought a car worth of Rs. 5,00,000 and paid Rs. 25,000 as tax and Rs. 25,000 as transportation charges. so the cost of my car will be Rs. 5,50,000 as per my books of accounts. but if someone asks me about the prize of the car, what should i tell him? Rs. 5,50,000 or Rs. 5,00,000 ? and explain why ? thank you for your kind help.

Vijay K

CA Inter

★ 9K+

21-Jul-21 08:56

444