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How way accounting treatment

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(Querist)
01 December 2013 how way treatment of electrical equipment very low price cost in balance sheet as capital items or stock under current assets.
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CA Gaurav Mittal

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CA Gaurav Mittal (Expert)
02 December 2013 it depends on nature of use of the product.
i presume that electrical equipments are used as
1) Spare parts for main machinery :- have to be treated as stock under current assets.

2) as a fixed asset :- need to capitalized if put to use or if not den under work in progress
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